Starbucks - Marine Creek, TX_Property for Sale

2453 Northwest Loop 820, Fort Worth, TX, 76106, US

Starbucks - Marine Creek, TX

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a 2,221 square foot, single-tenant Starbucks located at 2453 NW Loop 820 in Fort Worth, Texas (“Property” or “Asset”). The Asset is 100% leased to Starbucks Corporation (“Starbucks” or “Tenant”) on a brand new 10.0-year primary lease term with 10.0% rent escalations every 5-years in the primary term and throughout each four, five-year option. The Property opened in early August as a build-to-suit for the tenant.

Located nearly 5 miles northwest of downtown Fort Worth, Starbucks is strategically positioned adjacent to an onramp/offramp to Interstate 820 with direct accessibility to more than 114,000 vehicles per day. In a dense residential pocket off I-820, Starbucks is positioned directly in front of Marine Creek Apartments with 248 units and Providence at Marine Creek Apartment Homes with 252 units.

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Attributes

Asking price

THB 77,156,000

Cap rate

5.75%

NOI

THB 4,439,000

WAULT

10 years

Year built

2024

Building area net

206 m²

Media

Investment Highlights

Brand new 2024 construction just off Interstate 820 with 114,000+ VPD
Adjacent to Tarrant County College Northwest Campus with 7,300 students and high schools with 2,850 students
Less than 1 mile from Fort Worth Meacham International Airport (KFTW) that generates $165M in economic activity
Incredible demand characteristics driven by a 5-mile AHHI of $99,000+ and more than 202,000 residents
Starbucks (S&P: ‘BBB+’) is the world’s largest specialty coffee retailer (35,000+ locations)
Nearby Lake Worth Towne Crossing which generates 4.8M visits annually and ranks in the top 4% of shopping centers nationwide (Placer.ai).