2807 Washington St Stephenville, TX 76401

This exceptional investment opportunity presents a fee-simple interest in a 1,693 sq ft Starbucks in Stephenville, TX. The property boasts a strong corporate-guaranteed net lease with approximately 1.3 years remaining, followed by four 5-year options with 10% rent bumps every five years. Located on a high-traffic US Hwy 377, near Tarleton State University and shadow-anchored by Walmart, this property benefits from high visibility and a strong retail corridor. The building, constructed in 2005, sits on a 25,918 sq ft lot and offers a 6.00% cap rate with a current NOI of $87,120. The property's excellent location, strong tenant, and lease terms make it an ideal investment opportunity, particularly for 1031 exchange purposes. The property is an essential-use business, demonstrating resilience against economic downturns. Surrounding retailers include H-E-B, Hobby Lobby, TJ Maxx, Ross, Tractor Supply Company, Planet Fitness, Old Navy, Ulta Beauty, Walgreens, O'Reilly's Auto Parts, McDonald's, and Chick-fil-A. This Starbucks has enjoyed nearly 20 years of continuous occupancy at this location. The property's prime location and strong tenant history make it a compelling investment.