1923 87Th StOdessa, TX 79765

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,134 square foot Starbucks located at 1923 87th St, Odessa, TX 79765. The property sits on a 1.09-acre lot, ideally positioned in front of a large residential neighborhood, ensuring a robust customer base. Built in 2024, this single-tenant building boasts a 100% occupancy rate with a strong corporate guarantee and a credit-rated tenant. The current lease, a Net Lease (NN) agreement, commenced June 20, 2024, and extends for a substantial 9.6 years remaining, expiring June 29, 2034. The lease includes four 5-year renewal options, each with a 10% rent increase. This translates to a significant 10% rent bump every five years throughout the primary term and options. The property generates a substantial Net Operating Income (NOI) of $153,000, resulting in an attractive 6.00% cap rate. The asking price is $2,550,000, or $1,194.94 per square foot. The property benefits from its location near the intersection of NE Loop 338 and 87th Street, an area with a combined daily traffic count nearing 30,000 vehicles. Average household incomes within a one-mile radius exceed $120,000, indicating a high-spending demographic. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a proven track record and significant long-term growth potential.