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Starbucks 152 Enterprise rd 2,288 SF Retail Building Lexington, NC 27295 $3,008,000 ($1,314.69/SF) 6.15% Cap Rate
INVESTMENT HIGHLIGHTS
- HIGH TRAFFIC, INTERSTATE LOCATION FOR BUILT-IN CUSTOMERS
- ATTRACTIVE LEASE FUNDAMENTALS
- CORPORATE GUARANTEE FROM CREDIT TENANT
EXECUTIVE SUMMARY
ATTRACTIVE LEASE FUNDAMENTALS
- Corporate Guarantee from Credit Rated Tenant
- 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
NEARBY MARKET DRIVERS
- North Davidson High School with over 1,000 students is located under a mile from the site
- Less than 1 mile from the site is Atrium Windows and Doors which employs more than 10,000 people at their factory 375K SF factory in Lexington, NC
LARGE INDUSTRIAL PRESENSE
- Within a 1-mile radius of the site is more than 1.3M SF of industrial space
- Nearby industrial employers include: Atrium Windows and Doors, ASCO Power Technologies, BMK Americas, Greif Welcome, and more
HIGH TRAFFIC, INTERSTATE LOCATION FOR BUILT-IN CUSTOMERS
- New build-to-suit Starbucks | Directly off of I-285 (58.5K VPD) on Old US Hwy 52 (15.5K VPD) with cross access to a lighted intersection
- Warranties will be assigned to the new owner
- Ability to advertise on nearby interstate billboard, with Starbucks reimbursing
HIGH GROWTH TRIAD AREA
- Over 1.7M people live in Triad
- The region has over 900K jobs with a 2.3% job growth since 2022
- Toyota is investing over $13.9B in their electric vehicle battery manufacturing facility that will bring over 3K jobs to the region
- Corporate Guarantee from Credit Rated Tenant
- 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
NEARBY MARKET DRIVERS
- North Davidson High School with over 1,000 students is located under a mile from the site
- Less than 1 mile from the site is Atrium Windows and Doors which employs more than 10,000 people at their factory 375K SF factory in Lexington, NC
LARGE INDUSTRIAL PRESENSE
- Within a 1-mile radius of the site is more than 1.3M SF of industrial space
- Nearby industrial employers include: Atrium Windows and Doors, ASCO Power Technologies, BMK Americas, Greif Welcome, and more
HIGH TRAFFIC, INTERSTATE LOCATION FOR BUILT-IN CUSTOMERS
- New build-to-suit Starbucks | Directly off of I-285 (58.5K VPD) on Old US Hwy 52 (15.5K VPD) with cross access to a lighted intersection
- Warranties will be assigned to the new owner
- Ability to advertise on nearby interstate billboard, with Starbucks reimbursing
HIGH GROWTH TRIAD AREA
- Over 1.7M people live in Triad
- The region has over 900K jobs with a 2.3% job growth since 2022
- Toyota is investing over $13.9B in their electric vehicle battery manufacturing facility that will bring over 3K jobs to the region
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
2,288 SF
Year Built
2025
Price
$3,008,000
Price Per SF
$1,314.69
Cap Rate
6.15%
NOI
$184,992
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.03 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Starbucks
- Retailer
- 2,288 SF
- -
- Double Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Starbucks | Retailer | 2,288 SF | - | Double Net | - |
PROPERTY TAXES
| Parcel Number | 13-023-0-000-0032-A-0-0 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $484,560 |
PROPERTY TAXES
Parcel Number
13-023-0-000-0032-A-0-0
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$484,560
CONTACTS
-
Mike Lucier -
David Hoppe -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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Starbucks | 152 Enterprise rd
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