Log In/Sign Up
Your email has been sent.
1880 E Fire Tower Rd
Greenville, NC 27858
Retail Property For Sale
Executive Summary
Starbucks (Corporate) – Absolute NNN Investment
1880 E Fire Tower Rd, Greenville, NC
Rare opportunity to acquire a newly constructed (2022) corporate-leased Starbucks with drive-thru, located along a primary retail corridor in Greenville, NC. The property is subject to an absolute NNN lease, offering passive ownership with no landlord responsibilities. The lease is backed by Starbucks Corporation and includes 10% rent increases every five years, providing stable income growth and a hedge against inflation.
Investment Highlights:
Corporate lease to Starbucks Corporation (NASDAQ: SBUX)
NOI: $139,000
Absolute NNN (zero landlord responsibilities)
10% rent increases every 5 years (next increase Q4 2027)
10-year initial lease term
Six (6) 5-year renewal options
Brand new 2022 construction
Drive-thru location
Located on a high-traffic retail corridor
The property is located in Greenville, North Carolina, a growing market anchored by East Carolina University and supported by strong population growth and consumer demand. E Fire Tower Road is a dominant retail corridor with national tenants, strong traffic counts, and excellent visibility and access.
This investment offers a predictable, long-term income stream backed by an institutional-quality tenant in a highly liquid net lease asset class.
For more information, please contact:
Ryan Aminzadeh
ryanaminzadeh22@gmail.com
516-350-2754
1880 E Fire Tower Rd, Greenville, NC
Rare opportunity to acquire a newly constructed (2022) corporate-leased Starbucks with drive-thru, located along a primary retail corridor in Greenville, NC. The property is subject to an absolute NNN lease, offering passive ownership with no landlord responsibilities. The lease is backed by Starbucks Corporation and includes 10% rent increases every five years, providing stable income growth and a hedge against inflation.
Investment Highlights:
Corporate lease to Starbucks Corporation (NASDAQ: SBUX)
NOI: $139,000
Absolute NNN (zero landlord responsibilities)
10% rent increases every 5 years (next increase Q4 2027)
10-year initial lease term
Six (6) 5-year renewal options
Brand new 2022 construction
Drive-thru location
Located on a high-traffic retail corridor
The property is located in Greenville, North Carolina, a growing market anchored by East Carolina University and supported by strong population growth and consumer demand. E Fire Tower Road is a dominant retail corridor with national tenants, strong traffic counts, and excellent visibility and access.
This investment offers a predictable, long-term income stream backed by an institutional-quality tenant in a highly liquid net lease asset class.
For more information, please contact:
Ryan Aminzadeh
ryanaminzadeh22@gmail.com
516-350-2754
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,513 SF
Year Built
2022
Price
$3,150,000
Price Per SF
$1,253.48
Cap Rate
4.41%
NOI
$139,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
1.22 AC
Zoning
CG - Zoned for commercial use
Parking
27 Spaces (10.74 Spaces per 1,000 SF Leased)
Frontage
141’ on East Fire Tower Road
Property Taxes
| Parcel Number | 060939 | Improvements Assessment | $686,300 |
| Land Assessment | $731,808 | Total Assessment | $1,418,108 |
Property Taxes
Parcel Number
060939
Land Assessment
$731,808
Improvements Assessment
$686,300
Total Assessment
$1,418,108
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
