STARBUCKS - 43RD ST
Houston, Texas
For Sale
Property Type: Retail
Year Built: 2007
Property Size: ~ 1,750 square feet + outdoor seating
OVERVIEW
Starbucks is a single tenant building on a pad of a successful neighborhood retail center. It is highly visible and easily accessible via 43rd Street or Ella Blvd. in an area of strong growth and proximate to 400,000 affluent customers within 5 miles of the store. This long-term, and high performing Starbucks has had recent upgrades to the parking and a new coating to the roof with a 20-year warranty from 2021. The vintage of the lease offers an opportunity to acquire a credit tenanted location with current rent that is only a marginal premium to inline retail rents. The low annual rent is a strong enticement for Starbucks to renew for the remaining options which would allow for almost a 15-year tenancy for a new owner
LOCATION
1206 W. 43rd St, Houston, Texas 77018
Starbucks enjoys a prominent position on a pad of the Shops of Oak Forest, a neighborhood center with a strong tenant mix, located at the NWC or 43rd Street and Ella Blvd. The site serves the Oak Forest area and Independence Heights neighborhoods, two of Houston’s affluent desirable living areas for younger professionals.
