Duong Investment Group

Starbucks – Outparcel to Home Depot

2140 N. Jupiter Road, Dallas MSA (Garland), TX 75044

Property Description

Price: $3,200,000
Land Area: ±0.72 Acres
Cap Rate: 4.00%
Gross Leasable Area: ±2,300 SF
Year Built: 2022

Investment Highlights

Brand New 10-Year 2022 Construction Corporate Guaranteed Starbucks

Outparcel to Home Depot | Drive-Thru Location to Accommodate Additional Order Volume

Prime Retail Location

Located Near the Intersection of Jupiter Road and Buckingham Road (Combined Traffic Counts Exceed 64,200 Cars Per Day)

Located Directly Across from Albertsons Anchored Shopping Center

Within Close Proximity to Several Major Retailers such as Target, Lowe’s Home Improvement, Harbor Freight Tools, Burlington, Walgreens, Chase, and Many More

Corporate Starbucks

NN Property with Minimal Landlord ResponsibilitiesIdeal for Investors Not Local to the Market

Starbucks has Over 33,000 Locations in Operation

Scheduled 10% Rental Increases Every 5 Years Throughout the Initial Term and Options Provide for an Excellent Hedge Against Inflation

Pride of Property Ownership in Garland, TX

Dense, Infill Location with Over 372,000 Residents within 5 Miles, Creating a Large Customer Base

Daytime Population of Over 442,000 Demonstrates the High Employment in the Area

Affluent Area with the Average Household Income Exceeding $87,000 within 5 Miles

Garland is the Twelfth Most Populous City in the State of Texas and is Located Just 15 Miles North of Downtown Dallas, TX

Population Increase of Over 30,000 Residents Since 2010, Demonstrating Garland’s Recent Rapid Growth

 

 

Broker of Record: Tim Speck – License: #9002994

Contact Information

Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
craig.elster@marcusmillichap.com
License: CA 01958307

Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643