Description

This offering presents an excellent investment opportunity featuring Starbucks, the world’s largest coffee retailer with over 35,000 locations and more than 361,000 employees, backed by an investment-grade BBB+ rating from S&P (NASDAQ: SBUX). The tenant has recently executed a new 10-year lease extension, demonstrating long-term commitment to the site, where it has operated successfully for over 20 years. The lease includes built-in rent growth with two scheduled increases during the initial term and 10% increases at each extension. The property is undergoing a 2025 renovation showcasing Starbucks’ latest prototype, reflecting continued capital investment. Strategically located in Huntsville, Texas, the site benefits from outstanding visibility and accessibility along Interstate 45, with traffic counts exceeding 51,200 vehicles per day, as well as over 20,200 vehicles per day along TX-30. Positioned within a thriving and expanding retail corridor, the area is surrounded by major national retailers and is supported by ongoing infrastructure improvements, including the widening of I-45 and nearby residential development, further enhancing long-term growth potential.