For Sale - Starbucks Grand Parkway and FM 2920 9112 N Grand Pkwy W - Hunington Properties
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For Sale
Starbucks
Grand Parkway and FM 2920
Hunington Properties, Inc.
9112 N Grand Pkwy W 3773 Richmond Ave., Suite 800
Tomball,Texas 77449 Houston, Texas 77046
713-623-6944
hpiproperties.com
For Sale
S TAR BU C KS COF F E E
9112 N Grand Pkwy W, Tomball, TX 77449
Executive Summary
Sale Price $2,421,000
Cap Rate: 4.75%
Yr 1- 5 | $115,000
Annual Rent:
Yr 6-10 | $126,500
THE OFFERING
Lease Term: 10 Yrs
Hunington is pleased to offer for sale, the fee simple interest in a newly
built Starbucks drive-thru/pickup (the “property”) located in Tomball, Texas Options: Four (5) Yr Options | 10% Increase
(Houston-MSA). The property will be leased to Starbucks Corporation Lease Type: NNN
(“Starbucks”), the largest specialty coffee retailer in the world with over
32,600 locations and annual revenues of $23.5 Billion. Rent Commencement: July 2021
Square Footage: 1,100 SF - Built 2021
Starbucks will operate a triple net lease structure that features ten years of
primary lease term, ten percent (10%) rental increases every five years, Land Size: 0.471 Acre
minimal landlord responsibilities, and four 5-year renewal options. Ownership: Fee Simple
This offering presents the great opportunity to acquire a newly constructed, Landlord Responsibilities: Roof & Structure (20 Yr Warranty)
drive-thru/pickup asset (pandemic proof), located within an established Guaranty: Corporate (SBUX)
and growing retail corridor with highway access and frontage being
leased to an investment-grade, industry-leading tenant. Tenant: Starbucks
Demographics
INVESTMENT HIGHLIGHTS Population (2021) 3 mi.-63,846 5 mi.-209,863
• Build-to-Suit Starbucks Drive-thru
Average HHI (2021) 3 mi.-$117,948 5 mi.-$118,221
• Pick up/ Drive Thru only; no interior seating areas
• Ability to travel north/south on Grand Parkway with perfect on/off
access to site
• Access on FM 2920 & Grand Parkway feeder Stephen Pheigaru
• Surrounded by affluent neighborhoods Principal
stephen@hpiproperties.com
Hunington Properties, Inc.
3773 Richmond Ave., Suite 800 •Houston, Texas 77046 • 713-623-6944
hpiproperties.com
The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and
is not in any way, warranted by Hunington Properties or by any agent, independent associate, subsidiary or employee of Hunington
Properties. This information is subject to change.
For Sale Site Plan The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties , or by any agent, independent associate, subsidiary or employee of Hunington Properties. This information is subject to change.
For Sale Site Aerial The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties , or by any agent, independent associate, subsidiary or employee of Hunington Properties. This information is subject to change.
For Sale Strategic Location The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties , or by any agent, independent associate, subsidiary or employee of Hunington Properties. This information is subject to change.
For Sale Trade Area Retail The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties , or by any agent, independent associate, subsidiary or employee of Hunington Properties. This information is subject to change.
For Sale
Tenant Overview
Company Type: Public (Nasdaq: SBUX)
2020 Employees 349,000
2020 Revenue: $23.5 Billion
2020 Net Income: $928 Billion
2020 Assets: $29.38 Billion
Credit Rating: BBB+
2020 Stores Globally: 32,660
starbucks.com
Starbucks Coffee Company has been committed to ethically sourcing and
roasting high-quality arabica coffee. Starbucks stores offer coffee and tea
beverages, Handcrafted Beverages, Merchandise and Fresh Food. Through
their unwavering commitment to excellence and guiding principles, the
company bring the unique Starbucks Experience to life for every customer
through every cup. Today, with more than 32,000 stores around the globe,
Starbucks is the premier roaster and retailer of specialty coffee in the world.
Starbucks Corporation was founded in 1971 and is based in
Seattle, Washington.
The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not in any way, warranted by Hunington Properties , or by any agent, independent associate, subsidiary or employee of Hunington Properties. This information is subject to change.You can also read
