May 2, 2025 – Justin Spillane and Kyle Danielson of Horvath & Tremblay have successfully completed the sale of a Starbucks in Houston, Texas. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,439,024.
Starbucks is located at 7013 Gulf Freeway in Houston, Texas. Starbucks has 8+ years remaining on their primary lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each renewal option. The Property is strategically located seconds from the signalized intersection of Gulf Freeway and Woodridge Drive. The Property enjoys excellent access and signage along Gulf Freeway, and also benefits from outstanding visibility from Interstate 45, which has average daily traffic counts in excess of 181,500 vehicles per day. The Property also has frontage and access along Office City Drive. The Property is part of a newly redeveloped stretch of Gulf Freeway that includes a new construction Popeye’s, Burger King, Raising Cane’s, Chick-fil-A, and Lone Star Market. Located in the Woodridge neighborhood of Houston, Starbucks is positioned 0.5-miles from the interchange of Interstates 45 and 610. Interstate 45 provides direct access into Houston’s Central Business District (6-miles northwest), and Interstate 610 forms the Houston Loop, circling the periphery of the city. The Property is also just 3-miles from the University of Houston which has an enrollment in excess of 47,000 students and more than 5,000 faculty and staff members.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.