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32468126
32468127

108 COLLEGE VIEW DR, DALLAS, NC 28034-9310

DH
NC NC 288268
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$3,049,000
29 days on market
Updated 29 days ago

Starbucks | Dallas, NC

Details
APN 171244
Property Type Retail, Mixed Use
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 6,132
Net Rentable (SqFt) 2,500
Units 2
Cap Rate 6.15%
NOI $187,500
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Dunkin' (+2)
Lease Term 10
Lease Expiration 10/01/2035
Remaining Term 9.3
Rent Bumps Yes
Lease Options 6 x 5-year options
Class A
Year Built 2025
Stories 1
Acreage 1.100
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/15/2025
Ground Lease No

6.15% CAP | Only Drive Through Coffee Concept in Low Vacancy Market

Investment highlights

ATTRACIVE LEASE FUNDAMENTALS

  • 10% rental increases every 5 years including options
  • Six (6) - five (5) year options
  • Minimal LL responsibilities

CORPORATE GUARANTEE FROM CREDIT TENANT

  • Starbucks has a S&P credit rating of BBB+
  • Over 35,000 locations worldwide
  • $30.3B Total Revenue

ONLY DRIVE THROUGH COFFEE CONCEPT IN LOW VACANCY MARKET

  • Only Drive Through Coffee Concept in market
  • Over 525K SF of retail space in a one mile radius
  • Site is positioned before the retail center Windsor Square
  • The highly visited center is anchored by CVS and boasts credit tenants such as ABC Store, Bank of America, and more

CLOSE PROXIMITY TO GASTON COLLEGE

  • Site is located under a mile just north of Gaston College
  • The public university has over 5,500 students enrolled and employs more than 400 employees
  • Close proximity to this school provides the Starbucks with a built in customer base as it is the closest coffee option to the school

NEW CONSTRUCTION OFF OF MAJOR HIGHWAY

  • New build-to-suit Starbucks
  • Warranties will be assigned to the new owner
  • Tenant has paid to add specific capital improvements to enhance operational performance
  • The site is located directly off of Hwy 321 (48.5K VPD) , a major commuter route connecting I-85 & I40

CHARLOTTE MSA TAILWINDS

  • Located in Dallas, NC, less than 30 Miles from Charlotte, NC, the Site benefits from Charlotte’s population growth
  • Charlotte, NC ranked #5 in fastest growing Metros
  • This property will be a direct beneficiary of the rapid expansion that Charlotte and the surrounding areas continue to experience

Listing Contacts

DH
NC NC 288268
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$187,500.00
$15,625.00/mo

Valuation Metrics

0
DSCR
6.15%
Cap Rate
6.15%
ROI

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Additional Information

Name
David Hoppe
License
NC 288268
Name
Mike Lucier
License
NC 231272
Name
Ben Olmstead
License
NC 315015
Brokerage
Atlantic Capital Partners
Brokerage Phone
7046515953
Title
Senior Associate
Brokerage Address
4350 Congress Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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