Listed by Atlantic Capital Partners
$2,213,000
Starbucks | Hendersonville, NC
Details
Property Type Retail
Sub Type QSR/Fast Food, Storefront
Net Rentable (SqFt) 1,030
Units 1
Cap Rate 6.1%
NOI $134,989
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Dunkin'
Lease Term 10
Remaining Term 7.5
Rent Bumps Yes
Lease Options 6 x 5-year options
Class A
Year Built 2023
Acreage 0.860
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/11/2023
Ground Lease No
6.1% CAP | INTERSTATE LOCATION WITH HIGH TRAFFIC
Investment highlights
CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT
- Starbucks has a S&P credit rating of BBB+ | Over 35,000 locations worldwide | $30.3B Total Revenue
ATTRACTIVE LEASE FUNDAMENTALS
- Corporate Guarantee from Credit Rated Tenant | 5% rental increases every 5 years including options | Six (6) - five (5) year options | Minimal LL responsibilities
NEW CONSTRUCTION
- New build-to-suit Starbucks | Warranties will be assigned to the new owner
STRATEGIC LOCATION
- Positioned on the morning side of I-26 (59K VPD) exit to Hendersonville | Located in front of a Holiday Inn Express (85 key hotel) and a planned Tru by Hilton (90 key hotel) | Direct access to The Summit at Hendersonville, a 50 unit apartment complex
NEARBY INDUSTRIAL EMPLOYERS
- Less than 0.5 miles to Blue Ridge Commerce Center - a 648K SF Class A Industrial Park | Less than half mile to Parts Unlimited 229K SF Distribution Facility | Approximately 0.6 miles to Jabil Healthcare's 160K SF Distribution Facility
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$134,989.00
$11,249.08/mo
Valuation Metrics
0
DSCR
6.1%
Cap Rate
6.1%
ROI
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