Starbucks - Dallas, TX
2425 Valley View Ln Dallas , TX 75234

Starbucks - Dallas, TX - retail for sale

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Overview


Single-tenant, new construction, build-to-suit Starbucks with drive-thru for sale at the northeast corner of I-35 and Valley View Lane in Farmers Branch. Strategically positioned in the Dallas-Fort Worth MSA and just 11 miles north of downtown Dallas, with visibility to over 217,000 vehicles per day. Starbucks has a new 10-year lease with 10% rent escalations every five years. Asset is slated to be completed by mid-2019.

Investment highlights


  • Fee simple interest
  • Brand new, build-to-suit construction with drive-thru
  • Property features a new 10-year lease with 10% rent escalations every 5 years


General
Property type Retail
Tenure type Sale/Purchase
Property address 2425 Valley View Ln, Dallas, TX 75234-5723
Market Dallas-Ft. Worth
Land in acres 1.59
Building size 2,200  ft2
Year built 2019
Financial
Price $2,400,000
Cap rate 5.00%
Current NOI $120,000.00
Lease
Tenant's name Starbucks Corporation
Lease type NN
Annual rent $120,000.00
Lease expiration date 05/31/2029
Remaining term 9.6Yrs

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