CONFIDENTIALITY DISCLAIMER
This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the MAJ Commercial Real Estate affiliate or by the Seller.
The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent.
Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing.
The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties.
Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.
MAJ COMMERCIAL REAL ESTATE
MAJ Commercial Real Estate is pleased to offer a prime investment opportunity to acquire a Single Tenant NNN Leased Investment located in Houston, TX. The property is leased to Starbucks with a brand-new 10-year initial with a store opening day of March 10, 2025. The lease includes 10% base rent escalations every five years, including throughout the tenant’s option periods, providing a stable and increasing income stream. The Starbucks is situated in a prime location in Houston, TX, benefiting from excellent visibility and high traffic due to its proximity to major thoroughfares. This area boasts strong demographics, with a steady flow of commuters and residents, and is surrounded by a variety of retail, dining, and business establishments, making it an ideal spot for longterm commercial success. The accessibility to the Beltway 8 corridor enhances consistent customer traffic and growth.
LEASE SUMMARY
LEASE GUARANTOR: Starbucks
NUMBER OF LOCATIONS: 35,000 (2023)
HEADQUARTERS: Seattle, Washington
FOUNDED: 1971
WEBSITE: www.starbucks.com
PROPERTY ADDRESS:
11880 South Sam Houston Parkway W., Houston, TX 77031
OWNERSHIP TYPE: Fee Simple
INITIAL LEASE TERM: 10-Years
EXTENDED TERMS: Four, 5-Year Options
LEASE TYPE: NNN
LANDLORD RESPONSIBLE: Roof and Structure
MANAGEMENT FEE: 3% of Base Rent
Starbucks is a multinational coffee company and coffeehouse chain headquartered in Seattle, Washington. Founded in 1971, Starbucks is the world’s largest coffeehouse chain with over 35,000 stores in over 80 countries. Starbucks is renowned for its high-quality roasted coffee, espressobased beverages, and pastries. Beyond beverages, the company also offers a diverse range of merchandise, including mugs, tumblers, and coffee beans. Starbucks is a publicly traded company listed on the Nasdaq stock exchange under the ticker symbol SBUX.
Starbucks has established itself as a popular and successful coffee company, attracting customers with its high-quality coffee, friendly service, and comfortable atmosphere. Whether you’re looking to relax, socialize, or get work done, Starbucks offers a welcoming environment for coffee enthusiasts around the globe.
ADDRESS:
11880 South Sam Houston Parkway W., Houston, TX 77031
TENANT: Starbucks
LEASE TYPE: NNN
YEAR BUILT: 2025
STORE OPENING DATE: March 10, 2025
RENT COMMENCEMENT: March 10, 2025
BUILDING SIZE: +/-2,100 SF
LAND SIZE: +/- 0.89 Acres
INVESTMENT HIGHLIGHTS
10% Base Rent Increases every 5-Years, providing long-term growth potential
Located in Texas, an income tax-free state
Lease is Guaranteed by Starbucks
Prime freeway location adjacent to Sam Houston Tollway with a daily traffic count of approximately 146,638 Vehicles
No early Termination Clause
Starbucks is in the midst of an aggressive growth phase with its “Reinvention Plan,” which has notable implications for both the company and its real estate strategy. By 2025, Starbucks plans to open 2,000 new stores in the U.S., with an emphasis on more efficient formats such as drive-thru, mobile-order, and delivery-only locations. These formats are being rolled out to meet increasing consumer demand for convenience and speed, as over half of U.S. sales already come from drivethrus
As part of its Reinvention Plan, Starbucks is focused on accelerating U.S. store growth by 3-4% annually and increasing efficiency across its locations. This includes new store formats such as drive-thru, delivery-only, and pickup locations. Starbucks’ investment in existing stores—around $450 million through 2025—aims to unlock capacity and improve customer experience, particularly in underpenetrated markets in the Midwest and Southeast U.S. The company is also exploring growth opportunities in international markets through a combination of digital innovation and strategic partnerships
TENANT
TENANT
Source: https://anchor.placer.ai/the-anchor/starbucks-reinvention-plan-has-big-commercial-real-estate-implications https://stories.starbucks.com/stories/2023/whats-next-starbucks-unveils-long-term-growth-strategy-for-a-limitless-future/
$2,600,000
PROPERTY PHOTOS
W. AIRPORT BLVD 19,645VPD SAM
PROPERTY AERIAL
COMING SOON
TESLA SUPERCHARGING STATIONS
SURROUNDING AREA
Stafford High School
Westwood
SamHoustonTollway(146,638VPD)
Missouri City
Fondren Gardens
Warehouse
Fort Bend Pkwy Toll Rd
1 Mile
3 Miles
5 Miles
DEMOGRAPHICS
BUSINESS
INCOME
HOUSTON TX
Houston, a bustling Texas metropolis, defies expectations. It’s a cultural melting pot, home to diverse cuisines, vibrant arts, and world-class museums. Beyond its energy industry, Houston offers outdoor adventures in parks like Hermann Park and Galveston Island. It’s a city of innovation, embracing technology, healthcare, and aerospace, making it a dynamic and exciting place to explore.
One of Houston’s most captivating features is its cultural tapestry. The city is a melting pot of nationalities, each contributing to its rich heritage. Explore the vibrant Chinatown, where the aromas of authentic Chinese cuisine fill the air, or visit the Museum District, home to world-class institutions like the Museum of Fine Arts and the Houston Museum of Natural Science. Immerse yourself in the city’s diverse culinary scene, from Tex-Mex classics to international delicacies.
Houston’s natural beauty is equally impressive. The city is surrounded by lush green spaces, including Hermann Park, a sprawling urban oasis with a zoo, botanical gardens, and a lake. For outdoor enthusiasts, there are plenty of opportunities to explore the surrounding area. Visit Galveston Island for sun-soaked beaches and historic attractions, or venture into the nearby forests for hiking and wildlife spotting.
