Property Name

Starbucks Ground Lease

GLA 2,000 SF

Percent Leased 100% Leased

Property Description

Starbucks Ground Lease is a freestanding, 2,000 SF drive-thru asset situated on approximately 22,821 SF (0.52 acres) of urban infill land on the highly desirable Oak Lawn Avenue corridor in Dallas, Texas. Boasting extremely coveted Oak Lawn Avenue frontage, the Property is positioned in an extremely dense submarket with over 11,000,000 SF of office GLA, 7,200,000 SF of retail GLA and more than 21,900 multifamily units within a 1-mile radius (CoStar). Starbucks Ground Lease is located six (6) minutes from downtown Dallas, sixteen minutes from Dallas Fort Worth International Airport. Starbucks Ground Lease has over 16 years left on its primary term with 10% rent bumps every five (5) years and two (2) five-year renewal options. The Property, benefits from hard corner positioning, an outdoor patio, masonry construction, high visibility to Oak Lawn Avenue, drive-thru and parallel positioning to Oak Lawn Avenue. Starbucks is an American coffee company and coffeehouse chain that was founded in Seattle, Washington during 1971. As of 2022, the company operates over 35,000 locations worldwide. In Fiscal 2022, the company reported revenues of $32.3 billion and net income of $3.32 billion.