802 Us-90Dayton, TX 77535
- Retail properties
- 2,100 SF
Property Details for 802 Us-90
- Year built
- 2023
- Lot size
- 0.82 AC
- Property size (Sq ft)
- 2,100 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents a brand-new, 2,100-square-foot Starbucks located in Dayton, Texas, at 802 US-90 W, zip code 77535. The property sits on a 0.82-acre lot and boasts 35 parking spaces. Built in 2023, this single-story building features a drive-thru and patio seating, ensuring optimal customer convenience. The property is currently 100% occupied under a 10-year net lease with a corporate guarantee from Starbucks, commencing August 31, 2023, and expiring August 31, 2033. The lease includes attractive 10% rent bumps every five years, providing significant long-term value. The current net operating income (NOI) is $131,000, resulting in a 5.25% cap rate. The asking price is $2,495,000, translating to $1,188.10 per square foot. This prime location benefits from high daily traffic counts exceeding 31,653 vehicles at the signalized intersection of US-Highway 90 and State Highway 146. The property is strategically positioned within a rapidly growing area, with significant residential and commercial development underway, including the massive River Ranch master-planned community and the Gulf Inland Logistics Park, which will bring thousands of new jobs and residents to the area. The property's limited competition within a 15-mile radius further enhances its investment potential. Four, five-year lease options are available. The property is fee simple ownership. The property's location and strong tenant provide a compelling investment opportunity with substantial long-term growth potential.
Location Insight
- City
- Dayton
- County
- Liberty
- State
- Texas
- Latitude
- 30.0205
- Longitude
- -94.9351
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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