Highway 290 and E Hempstead Street
Giddings, TX 78942
ONLY STARBUCKS IN NEARLY 30 MILES: This is the first Starbucks in Giddings, Texas instantly creating demand for the tenant. The closest Starbucks to the west is 28 miles away in in Bastrop and to the east is 33 miles away in Brenham.
HIGHWAY LOCATION WITH HIGH TRAFFIC COUNTS: The property is well located along Highway 290, the major thoroughfare between Austin and Houston. This is an ideal highway location for Starbucks, benefiting from high traffic counts of 21,000 cars per day.
CORPORATE SIGNATURE: The lease is guaranteed by Starbucks Corporation, an investment grade tenant rated “A-“ by Standard & Poor’s.
LOW PRICE POINT FOR STARBUCKS: The attractive purchase price is well below the typical price point for a Starbucks in Texas, the average being $2,074,000, or $1,160 psf – see enclosed Sale Comps.
BRAND NEW CONSTRUCTION: The property, currently under construction, will provide an investor piece of mind knowing that they are purchasing a new property with no deferred maintenance. The Landlord Responsibilities under the typical Starbucks lease will have less of an impact.
MINIMAL LANDLORD RESPONSIBILITES – NEW ROOF WARRANTY: Perfect opportunity for the any investor looking for minimal landlord responsibilities. The owner’s exposure to any monetary obligations is significantly reduced due to the benefit of the roof warranty.
LONG TERM LEASE: New long-term lease in place providing any investor a full 10-year term of passive income. A lender will also look favorably upon the full term giving any buyer the most attractive financing options available, if needed.
WALMART ANCHORED SHOPPING CENTER: Starbucks benefits from its location directly across the street from the Walmart anchored shopping center, a major destination for the community. National tenants in and around the center include McDonald’s, Taco Bell, Whataburger, Buc-ee’s, Best Western, Bealls, Dollar General, Subway, AutoZone and others.
GIDDINGS 290 BUSINESS PARK:Located less than 1 mile east of the Starbucks, Giddings Economic Development Corporation purchased the 165+ acre tract and is currently under development. This will inject growth and jobs into the area, organically increasing the daytime population of the trade area.