Listed by Atlantic Capital Partners
$3,049,000
Starbucks | Dallas, NC
Details
APN 171244
Property Type Retail, Mixed Use
Sub Type QSR/Fast Food, Restaurant
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'
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
Listed by Atlantic Capital Partners
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
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
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Name
License
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?












