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Starbucks 106 College View Rd 2,500 SF Retail Building Dallas, NC 28034 $3,125,000 ($1,250/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- ONLY DRIVE THROUGH COFFEE CONCEPT IN LOW VACANCY MARKET
- CHARLOTTE MSA TAILWINDS
- NEW CONSTRUCTION OFF OF MAJOR HIGHWAY
EXECUTIVE SUMMARY
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
- 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
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
2025
Price
$3,125,000
Price Per SF
$1,250
Cap Rate
6%
NOI
$187,500
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.05
Lot Size
1.10 AC
Parking
10 Spaces (4 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Starbucks
- Retailer
- 2,500 SF
- -
- Double Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Starbucks | Retailer | 2,500 SF | - | Double Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 171244 | Improvements Assessment | $173,190 |
| Land Assessment | $197,630 | Total Assessment | $370,820 |
PROPERTY TAXES
Parcel Number
171244
Land Assessment
$197,630
Improvements Assessment
$173,190
Total Assessment
$370,820
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Starbucks | 106 College View Rd
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