Starbucks-Concord, NC

Concord, NC

Access Offering Memorandum

The Offering

Summary

  • Price $2,895,000
  • Cap Rate 5.25%
  • Property Starbucks
  • Address 380 George W. Liles Pkwy NW. Concord, NC
  • Tenant Starbucks Corporation
  • NOI $152,000
  • Lease Type NN
  • Original Lease Term 10
  • Lease Term Remaining 9
  • Options 6 (5-year) options to extend

NetCapital Real Estate Advisors, in conjunction with SRS Real Estate Partners, is pleased to offer for sale, the fee simple interest in the long-term leased, single-tenant Starbucks (the “Property”) located in Concord, North Carolina (Charlotte MSA). Gauranteed by Starbucks Corporation, the lease has 9+ years of term remaining on a double net lease (NN) with 10% bumps every 5 years. The property is located near the highly trafficked George W Liles Pkwy & Poplar Tent Rd intersection (41,000 VPD), in an affluent area with a strong retail and resident presence.

Investment Highlights

NN Lease - Limited Landlord Responsibilities

Attractive Rent Increases - 10% Every 5-Years

Long Term Lease - 9+ Years of Remaining Term

Category Leading Tenant - Over $412 Billion in Revenue (2023)

Heavily Trafficked Corridor - 111,000 VPD on I-85
Great Demographics - $107,000 Average HHI in 5 miles

Strong Retail Trade Area -Less than 1 mile to Afton Ridge (Target, Marshall's, Burlington, and more)

Corporate Gauranteed Lease - Starbucks has 38,000 locations

Excellent, Credit Tenant - Credit Rating: S&P: BBB+

Location

Map Type
Zoom
Fullscreen

Site Plan

map

Demographics

1- Mile
3-Miles
5-Miles
Population (Radius)
6,597
33,586
110,432
Average HHI
$119,923
$115,781
$107,101

Tenant

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee.Today, with more than 38,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering committment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer though every cup. Starbucks Corporation is based in Seattle, Washington.

source:https://stories.starbucks.com/

Team

Cabell Sheild

Cabell Sheild

980-256-3466
Ryan Eklund

Ryan Eklund

980-613-4890
Copyright