1804 State Hwy 78 Hwy, Wylie, TX 75098
2,225 SF | Retail Building | Wylie, TX 75098 | $2,960,000 ($1,330/SF) | 5% Cap Rate
For Sale
Active
Asking Price $2,960,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,225 SF
- Price / Square Foot
- $1,330
Listing Contacts
Deana Marcello
Adam Malan
Geoff Ficke
Zack Ficke
Jack France
- Property Info
Property Overview
***Tenant is Open & Operating***
Colliers is pleased to present an exclusive opportunity to acquire ownership of a new construction STNL Starbucks drive-thru that is strategically located at one of the most coveted hard corners in Wylie, TX. The property consists of a ±2,225 SF freestanding building with an updated prototype including a drive-thru and patio area.
This unique opportunity benefits from direct frontage along Hwy 78, which carries over ±50,077 VPD, and is a main commuter thoroughfare connecting the subject to Plano and Dallas, TX. The subject sits adjacent to Fuel City, and a newly constructed multi-tenant retail building occupied by Swig and Starwood Café. Additional nearby co-tenants include a Walmart Superstore, Panda Express, PopShelf, Dollar Tree, Comfort Suites (51 rooms), and Marco’s Pizza.
The asset resides in a high growth trade area and is in close proximity to the Wylie Intermodal Railroad Terminal (WIT) and the Kansas City Intermodal Development with ±2MM SF of nearby light industrial & distribution facilities. Wylie, TX is located just 24-miles north of Downtown Dallas and is positioned in one of the fastest growing regions in the state of Texas. In 2022 alone, Collin (also portions extend into Dallas and Rockwall counties) County gained nearly 41,000 new residents and the area in expected to grow to more than 1.2 million residents by 2028 (Source: Wylie Economic Development Corporation).
Servicing nearby affluent neighborhoods such as Meadowview Estates, Birmingham Farms, Avalon, and Bozman Farms, this asset is strategically positioned within a strong and mature trade area, boasting approximately ±109,256 residents with an annual household income of ±$138,696 within a 5-mile radius. This Starbucks investment opportunity not only offers ownership in a brand-new asset but also secures a lease with an investment-grade, internet-resistant Tenant with a proven track record for success.
Colliers is pleased to present an exclusive opportunity to acquire ownership of a new construction STNL Starbucks drive-thru that is strategically located at one of the most coveted hard corners in Wylie, TX. The property consists of a ±2,225 SF freestanding building with an updated prototype including a drive-thru and patio area.
This unique opportunity benefits from direct frontage along Hwy 78, which carries over ±50,077 VPD, and is a main commuter thoroughfare connecting the subject to Plano and Dallas, TX. The subject sits adjacent to Fuel City, and a newly constructed multi-tenant retail building occupied by Swig and Starwood Café. Additional nearby co-tenants include a Walmart Superstore, Panda Express, PopShelf, Dollar Tree, Comfort Suites (51 rooms), and Marco’s Pizza.
The asset resides in a high growth trade area and is in close proximity to the Wylie Intermodal Railroad Terminal (WIT) and the Kansas City Intermodal Development with ±2MM SF of nearby light industrial & distribution facilities. Wylie, TX is located just 24-miles north of Downtown Dallas and is positioned in one of the fastest growing regions in the state of Texas. In 2022 alone, Collin (also portions extend into Dallas and Rockwall counties) County gained nearly 41,000 new residents and the area in expected to grow to more than 1.2 million residents by 2028 (Source: Wylie Economic Development Corporation).
Servicing nearby affluent neighborhoods such as Meadowview Estates, Birmingham Farms, Avalon, and Bozman Farms, this asset is strategically positioned within a strong and mature trade area, boasting approximately ±109,256 residents with an annual household income of ±$138,696 within a 5-mile radius. This Starbucks investment opportunity not only offers ownership in a brand-new asset but also secures a lease with an investment-grade, internet-resistant Tenant with a proven track record for success.
Property Details
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding, Storefront
- Lot Size (sq. ft)
- 44,867 SF
Highlights
- Tenant is Open & Operating
- Investment Grade Credit (NASDAQ: SBUX)
- New 10-Year NNN Lease
- 10% increases every 5 years, including options
- High traffic intersection with +/- 53,506 VPD
- Adjacent to a newly constructed Fuel City gas station (3,000+ customers daily), Swig and Starwood Café
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