Starbucks
2,016 SF | 4-Star Retail Building | San Antonio, TX 78233 | $2,555,000 ($1,267/SF) | 5.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,555,000
- Sale Condition
- 1031 Exchange
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,016 SF
- Price / Square Foot
- $1,267
Listing Contacts
Ryan Forsyth
Verified Profile
Vincent Aicale
Verified Profile
Michael Yuras
Verified Profile
Scott Crowle
Verified Profile
- Property Info
Property Overview
Prime Location with Excellent Highway Visibility: Starbucks is situated in a prominent location along Lookout Road, with freeway visibility along East Charles William Anderson Loop, and access to an additional 232,237 vehicles per day along Interstate 35.
Convenient Location Near Premier Shopping Destinations: Positioned near popular shopping destinations like The Forum at Olympia Parkway and Rolling Oaks Mall, this property is perfectly situated to attract cross-over traffic.
Near Large Education Institutions: With Northeast Lakeview College, Veterans Memorial High School, and John H. Wood Middle School just minutes away, this location benefits from access to students, and faculty.
Access to a Consistent Customer Base: Within walking distance from multiple apartment complexes with nearly 1,300 units which provide easy access to a nearby consistent customer base.
Proximity to Major Employers and Area Attractions: This location is just minutes from Methodist Hospital NE (374 beds) and Morgan’s Wonderland and is located seven miles from JBSA Randolph, one of the largest employers in the area with over 17,000 military and civilian personnel.
Growing Population and Income Levels: With a five-mile population of 199,076 (a 17% growth since 2010) and an average annual household income of $94,755 within a one-mile radius (projected to increase 16% by 2027), this location is poised for continued growth.
Gateway to a Booming Region: As the gateway to San Antonio and the wider San Antonio MSA, this property benefits from the region’s robust growth and its influence that reaches north to Austin and as far south as Corpus Christi. It is also a major gateway between the U.S. and Mexico, making it an attractive location for businesses and consumers alike.
Convenient Location Near Premier Shopping Destinations: Positioned near popular shopping destinations like The Forum at Olympia Parkway and Rolling Oaks Mall, this property is perfectly situated to attract cross-over traffic.
Near Large Education Institutions: With Northeast Lakeview College, Veterans Memorial High School, and John H. Wood Middle School just minutes away, this location benefits from access to students, and faculty.
Access to a Consistent Customer Base: Within walking distance from multiple apartment complexes with nearly 1,300 units which provide easy access to a nearby consistent customer base.
Proximity to Major Employers and Area Attractions: This location is just minutes from Methodist Hospital NE (374 beds) and Morgan’s Wonderland and is located seven miles from JBSA Randolph, one of the largest employers in the area with over 17,000 military and civilian personnel.
Growing Population and Income Levels: With a five-mile population of 199,076 (a 17% growth since 2010) and an average annual household income of $94,755 within a one-mile radius (projected to increase 16% by 2027), this location is poised for continued growth.
Gateway to a Booming Region: As the gateway to San Antonio and the wider San Antonio MSA, this property benefits from the region’s robust growth and its influence that reaches north to Austin and as far south as Corpus Christi. It is also a major gateway between the U.S. and Mexico, making it an attractive location for businesses and consumers alike.
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding, Storefront
- Lot Size (sq. ft)
- 101,930 SF
Highlights
- New corporate net lease to Starbucks Corporation with rare self-maintain lease language: Tenant responsible for all ongoing maintenance directly
- Starbucks Corporation (NASDAQ: “SBUX”) is an investment-grade tenant, rated “BBB+” by Standard & Poor’s
- High-quality 2023 construction featuring a dedicated drive-thru lane, providing additional customer convenience and boosting sales revenue
- Prominent location along Lookout Road with freeway visibility along East Charles William Anderson Loop (107,793 AADT)on Interstate 35 (232,237 AADT)
- Well-positioned near premier shopping destinations such as The Forum at Olympia Parkway and Rolling Oaks Mall(170+ stores, 3 million SF retail space)
- Seven miles from JBSA Randolph one of the largest employers in the San Antonio area, with over 17,000 military and civilian personnel
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