2807 Washington St, Stephenville, TX 76401

The EngVest Group is delighted to offer the chance to acquire a fee-simple interest in a single tenant drive-thru Starbucks location at 2807 W Washington St, Stephenville, TX 76401. This investment opportunity provides investors with the chance to secure a corporate-guaranteed NN fee-simple lease with Starbucks, the world's largest coffeehouse company. Starbucks has been a steadfast tenant at this location for nearly 20 years, with approximately 2 years left on the lease after exercising their first option in 2021, demonstrating their enduring commitment to the site.
Located in a prime spot shadow anchored by Walmart along a heavily trafficked retail corridor in Stephenville, TX, this Starbucks enjoys exceptional visibility along U.S. Highway 377, with over 25,560 vehicles passing by daily. The property boasts ample parking and is meticulously maintained, featuring a modern and attractive facade. The building remains in excellent condition to create a welcoming and convenient environment for customers.
Stephenville is a rapidly expanding community with a strong and stable customer base; this Starbucks particularly benefits from its close proximity to Tarleton State University, which enrolls over 14,000 students annually. The property is surrounded by residential neighborhoods, schools, and prominent national retailers, ensuring a steady flow of foot traffic and potential customers. Nearby retailers include Walmart, H-E-B, Tractor Supply Company, McDonald’s, and Chick-Fil-A. This property presents a unique investment opportunity for those seeking to acquire a prime commercial property with Starbucks as an established and successful long-term tenant in a rapidly growing community.
Investment Highlights
• Long Term Occupancy – Almost 20 Years of Success at this Location
• 2 Years Remaining on Corporately Guaranteed NN Lease w/ Minimal Landlord Responsibilities
• Strong Corporate Guaranteed Lease by Starbucks (S&P: BBB+ Rating)
• One Mile Away from Tarleton State University Which Enrolls Over 14,000 Students (Fall 2022) – Captive Audience
• Excellent Location with High-Visibility on US Hwy 377 that sees about 25,560+ VPD
• 10% Increases Every Option (Next Option Period in 2026) – Strong Hedge Against Inflation
• Excellent 1031 Exchange Property – Essential Use – Pandemic, Internet, and Recession Resistant
• Located Along Strong Retail Corridor Which Includes Major Retailers Like Walmart, H-E-B, Hobby Lobby, TJ Maxx, Ross, Tractor Supply Company, Planet Fitness, Old Navy, Ulta Beauty, Walgreens, O’Reilly’s Auto Parts, McDonalds, Chick-Fila-A, and many more.