Starbucks 1808 Harper Rd 2,500 SF Office Building Beckley, WV 25801 $2,907,692 ($1,163.08/SF) 6.50% Cap Rate

We are pleased to present the exclusive sale of a new construction, corporate leased Starbucks investment property located at 1808 Harper Road in Beckley, West Virginia (the “Property”). Starbucks executed a 10-year lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option. Starbucks is currently under construction with an anticipated rent commencement date of October 1, 2025.
The new construction Starbucks enjoys outstanding frontage and visibility along Harper Road (WV Route 3). The Property is situated between Kroger and Raleigh General Hospital (0.3 miles) and Interstate 64 (0.6 miles) and is surrounded by national retailers and restaurants that drive traffic to the area. The Property is convenient to residential neighborhoods and is within 1.5 miles of 14 nationally branded hotels providing a built-in customer base. Starbucks is also close to WV Route 16 and US Route 19, the area’s primary commercial corridor which is home to countless big-box retailers and shopping centers.
Beckley is located in the southern part of the state and serves as the county seat of Raleigh County; it is a central hub for commerce, education, and tourism in the region and is located approximately 55 miles south of Charleston and 80 miles north of Blacksburg.