Listed by CP Partners, ParaSell Inc
$3,088,525
Starbucks
Details
Property Type Retail
Sub Type QSR/Fast Food, Freestanding
Square Footage 2,500
Cap Rate 6.1%
NOI $188,400
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type Net
Lease Term 10.1
Lease Expiration 05/31/2034
Remaining Term 8
Lease Options Six, 5-year
Year Built 2024
Buildings 1
Stories 1
Acreage 1.500
Parking Spaces 30 spaces
Parking Per SqFt 12.00
Investment Type Net Lease
Lease Commencement 05/10/2024
Retail | 6.10% CAP | 2,500 SqFt
Marketing description
New construction Starbucks with drive-thru and outside patio, adjacent to a Sheetz on a signalized hard corner of the primary retail throughfare. Located in the Hickory MSA, the 6th largest in the state (population 370k) and easy access to Charlotte, NC (~60 miles). Average Household Income $105,861 (3-mile radius).
Listing Contacts
Listed by CP Partners, ParaSell Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$188,400.00
$15,700.00/mo
Valuation Metrics
0
DSCR
6.1%
Cap Rate
6.1%
ROI
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