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34368343
34368339

2521 Eastchester Drive, High Point, NC 27265 For Sale

CB
NC 287166
Berkeley Capital Advisors Charlotte
RF
NC 280948
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$1,830,000
5 days on market
Updated 5 days ago

Caribou Coffee

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 624
Cap Rate 6.75%
NOI $123,500
Occupancy 100%
Tenancy Single
Brand/Tenant Caribou Coffee, 7 Brew (+1)
Lease Type NN
Lease Term 10
Lease Expiration 03/31/2035
Remaining Term 9
Rent Bumps Yes
Lease Options Three, 5-Year
Price per SqFt $2,933
Broker Co-Op True
Year Built 2025
Acreage 0.620
Zoning Commercial
Parking Spaces 15 spaces
Parking per 1,000 SqFt 24.04
Investment Type Net Lease
Lease Commencement 03/05/2025
Ground Lease No

Desirable Lease Term | Greensboro MSA | Affluent Surrounding Area

Investment highlights

• New 2025 construction

• Desirable lease term | 9 years remaining

• Corporate lease | Caribou Coffee Operating Company | 335 corporately owned stores across the U.S.

• Parent company is JAB Holding Company | Investment grade credit rating | Baa1/BBB

• Great visibility from Eastchester Dr | 46,000 VPD

• Located inside of dense retail corridor | 1.2M SF within a 2-mile radius

• Stable population growth within 3-miles | 16.37% from 2010-2025

• Attractive population density within a 5-mile radius | 122,564 residents

• Large industrial presence nearby | 2.8M SF of space within a 2-mile radius

• Affluent surrounding area | $124,512 average household income within a 3-mile radius

• 6 miles from Atrium Health Wake Forest Baptist High Point Medical Center | 352 beds

• 10 minutes from High Point University | 6,550 students

• 5 miles from Ragsdale High School | 1,330 students

• 15 minutes from Piedmont Triad International Airport | 280 flights per day

• Located adjacent to Alexandria Park Apartment Homes | 240-unit apartment complex

• Nearby destination retailers | Walmart Supercenter, Target, Sam’s Club, Costco, Harris Teeter, Food Lion, Lowe’s, Home Depot, Dick’s Sporting Goods, Belk, Office Depot, Texas Roadhouse,

Buffalo Wild Wings, Olive Garden, Chili’s, Applebee’s, Chick-fil-A, Starbucks, Chipotle, McDonald’s, Burger King, Biscuitville, Panda Express, Arby’s, Panera Bread, Sheetz, and more

Listing Contacts

CB
NC 287166
Berkeley Capital Advisors Charlotte
RF
NC 280948
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$123,500.00
$10,291.67/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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