Available Property
Starbucks
2403 North Marys Street
Beeville, Texas 78102
$2,775,000
The subject property is a newly constructed, single tenant Starbucks Coffee cafe in Beeville, Texas. The property consists of a freestanding 1,950 sf retail building with drive through lane on 0.53 acres of land at the corner of North Saint Marys Street (aka Business 181) and FM 351. The ten year corporate lease commenced on March 4, 2022 is supported by the world’s largest coffee company with a credit rating of BBB+. There are minimal Landlord responsibilities for maintenance and repairs to the roof and structure. This ideal site is across the street from the area’s only Walmart Supercenter and AC Jones High School. Nearby retailers include Tractor Supply, Navy Army Credit Union, Sutherlands Home Improvement, McDonald’s, Golden Chick, Burger King, Chili’s, Dairy Queen, Pizza Hut, Sonic Drive-In, Whataburger, AT&T, T-Mobile, Circle K and Murphy USA. Beeville is located midway between San Antonio and Corpus Christi at the intersection of Highways 181, 59 and 202. Beeville has a population of approximately 14,000 residents and is the county seat of Bee County and home to Coastal Bend College. This is an opportunity to purchase a brand new, single tenant investment property leased to the leading coffee cafe in the world.
Tenant: Starbucks Corporation
Starbucks Coffee is the premier global brand in the world of specialty coffee operating in 75 countries. The Company purchases and roasts high-quality whole bean coffees and sells them, along with fresh, rich brewed coffees, Italian Style espresso beverages, cold blended beverages, a variety of complimentary food items, a selection of premium teas, and beverage related accessories and equipment primarily through Company operated retail stores. The Company's brand portfolio also includes Seattle's Best Coffee, Tazo teas, Teavana, Ethos Water, La Boulange, Evolution Fresh & Torrefazione Italia. Since its founding in 1971, the Company has grown to 33,800 locations around the world with sales exceeding $23.5 billion. The Company maintains an investment grade credit rating of BBB+ and its common stock trades on the NASDAQ under ticker symbol SBUX. Global sales in 2020 was $23.5 billion with U.S. sales of $16.8. Starbuck’s sales have rebounded following restrictions during the Covid 19 pandemic. Starbucks navigated this disruption by improving its drive-through, take away and delivery business. Global comparable store sales in the first and second quarter of 2021 have increased by double digits and the Company projects 2021 revenues to increase to $28 billion. The Company announced a 20% increase in their dividend and last year returned $8.9 billion to shareholders through stock repurchases and dividends.
Click here for brochure on this property
View More Listings