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2395 Springs Rd NE
Hickory, NC 28601
Starbucks · Retail Property For Sale
Investment Highlights
- 10-year corporate net lease to Starbucks Corporation
- Investment grade tenant, rated “BBB+” by Standard & Poor’s
- Near several national tenants, including Walmart Neighborhood Market, Walgreens, Arby’s, Zaxby’s, McDonald’s, Taco Bell, Sheetz and more
- 10% fixed rental increases every five years, providing a hedge against inflation
- Strategically located outparcel to Walmart Neighborhood Market anchored shopping center
- Projected average annual household income growth of more than 18% within 1-, 3-, 5-mile radii over the next five years
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.64 AC
Zoning
CC-1
Frontage
314’ on 19th Avenue Northeast
Property Taxes
| Parcel Number | 3723091628830000 | Improvements Assessment | $1,052,300 |
| Land Assessment | $422,500 | Total Assessment | $1,474,800 |
Property Taxes
Parcel Number
3723091628830000
Land Assessment
$422,500
Improvements Assessment
$1,052,300
Total Assessment
$1,474,800
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