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29938145
29938146

4019 Brookshire Blvd, Charlotte, NC 28216

DD
TX 9007104
Trinity Real Estate Investment Services
JM
TX 764171
Trinity Real Estate Investment Services
JD
TX 725767
Trinity Real Estate Investment Services
Listed by Trinity Real Estate Investment Services
$2,137,335
101 days on market
Updated 4 days ago

Starbucks

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,200
Cap Rate 6%
NOI $128,240
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Dunkin' (+2)
Lease Type NN
Lease Term 10
Lease Expiration 12/31/2031
Remaining Term 5.6
Rent Bumps Yes
Lease Options Four (4), 5-Year; 7%
Price per SqFt $972
Year Built 2021
Acreage 1.300
Investment Type Net Lease
Lease Commencement 12/31/2021
Ownership Fee Simple

Retail | 6.00% CAP | 2,200 SqFt

Marketing description

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Starbucks in Charlotte, NC. This property features an NN lease with 5.5+ years remaining on the primary term and 7% rent increases every five years, including the next in January 2027, and offers a rare opportunity to acquire a Starbucks below replacement cost.

Property Website: https://trinityreis.com/listing/4019-brookshire-blvd/

In cooperation with Brian Brockman at Bang Realty-North Carolina Inc | NC #298998 | [email protected] | (513) 898-1551

Investment highlights

  • Starbucks in the Heart of Charlotte, NC With 5.5+ Years Remaining on Primary Term

  • 7% Rent Increases Every 5 Years – Next Increase January 2027

  • Rare Opportunity to Acquire a Starbucks Below Replacement Cost

  • Great Visibility and Strategically Placed on the A.M. Side of the Road, Catching a Combined 110,260 VPD From I-85 and Brookshire Blvd

  • Large 1.3-Acre Property Featuring Multiple Entry Points and Ample Parking Spaces

  • Explosive Growth Corridor – 5-Mile Population Grew 40.17% Since 2010 and Is Projected to Grow Another 16.51% by 2029

  • Affluent 5-Mile Trade Area With Over 208,000 Residents and an Average Household Income Exceeding $111K

  • Minutes From Uptown Charlotte, Home to Over 100,000 Employees and 22.9M SF of Office Space

Listing Contacts

DD
TX 9007104
Trinity Real Estate Investment Services
JM
TX 764171
Trinity Real Estate Investment Services
JD
TX 725767
Trinity Real Estate Investment Services
Listed by Trinity Real Estate Investment Services

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$128,240.00
$10,686.67/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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