Property Name

Starbucks Retail Strip

GLA 4,341 SF

Percent Leased 100% Leased

Property Description

Starbucks Retail Strip is a 4,341 SF drive thru multi-tenant retail asset shadow anchored to Kroger Marketplace located within a thriving retail corridor of the high-growth and affluent DFW submarket of   Mansfield, Texas. Situated just off the intersection of Highway 360 & Broad Street, the Property is approximately 20 minutes from downtown Fort Worth, 20 minutes from DFW Airport and 30 minutes from Downtown Dallas. Starbucks Retail Strip is 100% leased to a compelling tenant lineup which includes Starbucks, Floyd’s 99 Barbershop and Eden Nail Spa. As a testament to the strength of the submarket and location, Starbucks recently signed an early 10-year lease term extension through February 2033. Two of the tenants experience built-in rent escalations during their primary lease terms and the average base lease term expiration is December 2029. Starbucks Retail Strip benefits from parallel positioning to Broad Street, a drive thru end cap and outdoor patio for Starbucks, partial masonry construction, an average suite size of 1,447 SF, shallow bay depth, multiple ingress/egress points and a two-sided masonry monument sign. The Property is located within a thriving retail corridor containing more than 428,000 SF of retail, restaurant and entertainment GLA with national retailers such as Kroger Marketplace, Market Street, Walgreens, RaceTrac, Chick-fil-A, Bank of America, Chase Bank, Orange Theory, Raising Canes and Salata amongst others.  Within a one mile radius of the Starbucks Retail Strip, the population has a seen a 525% increase from 2000 to 2021.