Brand New Freestanding Starbucks Coffee

Retail-Commercial for Sale
Catylist Listing ID: 30384333
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad
Building Size (RSF): 2,200 SF
Gross Land Area: 1.13 Acres
Sale Price: See Agent
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 7/15/2019

Overview / Comments

GRACO is pleased to offer to qualified investors the opportunity to acquire a brand-new, freestanding Starbucks Coffee, with over 9 years of remaining primary term. The Class "A" building is an outparcel to Costco Wholesale in the West End Shopping Center Development in Lubbock, TX, and fronts W Loop 289.

West End center in the newest shopping destination in the 610,000+ trade area that Lubbock serves, featuring over 500,000 SF of retail and restaurant tenants including World Market, Bed Bath and Beyond, Cabela's, Costco, Marshall's/Homegoods, Nike, Banana Republic, GAP, Converse, J Crew, DXL, Skechers, David's Bridal, Best Buy, PF Chang's, Panera, Bone Daddy's, Chipotle, Northern Tool, Duluth Trading, Vera Bradley, and many others.

The Property is located at the signalized intersection of 34th Street and W Loop 289, a highly trafficked intersection that is easily accessible from anywhere in the trade area, and in close proximity to Texas Tech University.

Current Tenants

Tenant Business Name Starbucks Coffee Company

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R326820
Retail Clientele: General, Family, Business
Property Located Between: 34th Street & West Loop 289
Property Visibility: Excellent
Largest Nearby Street: West Loop 289
Feet of Frontage: 120
Highway Access: West Loop 289
Property Condition: Excellent
Year Built: 2018

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,301 77,706 195,758
Median Age: 28.36 32.74 32.43
Households: 4,874 32,749 77,258

Contact

Photograph of Listing Agent

Gary Andrews

Graco Real Estate Development, Inc.
West Texas CIE Member
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