Starbucks - 6353 Rittiman Rd

The McCullough-Jaynes Investment Group of NAI Partners is excited to announce the exclusive offering of a 950 square foot, single tenant, new construction Starbucks Drive-Thru only concept store located in San Antonio, TX. The offering includes fee simple interest and a new 10-year lease in one of the fastest growing markets in the country. This corporate lease is one of the last to feature 10% rental escalations every 5 years and includes a corporate guaranty from an investment grade tenant (S&P: BBB+).

Starbucks San Antonio is located on Rittiman Road just west of the Seguin Road intersection. This site is in a highly desirable retail corridor with surrounding tenants such as HEB, Walgreens, Chipotle, and many more. The asset features the drive-thru only concept store which has been a key initiative due to increased profitability and customer sentiment. In addition, this store is minutes away from major distribution facilities for HEB, Pepsico, and Frito-Lay. The San Antonio MSA has consistently ranked among the fastest growing metropolitan areas in the county and San Antonio currently sits as the nation's 7th largest city by population.

Highlights

• CORPORATE LEASE WITH AN INVESTMENT GRADE TENANT: Leased to Starbucks Corporation, “rated BBB+” by Standard & Poor’s. Starbucks Corporation has over 32,000 locations worldwide and over $26B in revenue.

• LONG-TERM LEASE: The current lease term of 10 years is expected to commence in June of 2022. The lease features no early termination clause, a 10% rental increase after year 5, and escalations throughout the option periods.

• HIGHLY DESIRABLE DRIVE-THRU ONLY SITE: This brand-new construction features Starbucks Drive-Thru only concept store. These sites have been a key initiative for Starbucks as they have consistently shown to enhance profitability and customer sentiment.

• HIGH DEMAND RETAIL CORRIDOR: The subject location features strong surrounding tenants such as HEB, Walgreens, Chipotle, and many more.