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Top 10% Performing Starbucks | Winston-Salem 2701 Peters Creek Pky 2,225 SF Retail Building Winston-Salem, NC 27127 $2,460,000 ($1,105.62/SF) 5.65% Cap Rate
Executive Summary
THE ASSET
• Strong Performing Store – Placer.ai
• Ranked 712 / 7,339 Nationwide – Top 10%
• Ranked 27 / 191 in North Carolina – Top 14%
• Ranked 2 / 12 within 15 Miles – Top 9%
• No Early Termination Right
• New Construction
• Corporately Backed by Starbucks Corporation
• Investment Grade of BBB+/Baa1
• Long Term Lease with 9 Years Remaining
• 8% Rent Bump in 2028
• 10% Rental Increases in options 2-6
• Outparcel to Market Dominant Aldi shopping center
• Starbucks has Six 5-Year Options remaining
THE FUNDAMENTALS
• Across The Street from Parkland High School with 1,600+
Students
• 3 Miles from Downtown Winston-Salem
• Signalized Hard Corner Intersection
• Strong Traffic Counts with 36,000 Vehicles Per Day
• Situated in the Piedmont Triad of North Carolina
• Dense retail corridor with Aldi, Sherwin Williams, Waffle House,
Harbor Freight and Planet Fitness located in the submarket
• Great Visibility and Access from Peters Creek Pkwy
• Strong Demographics
• 1 Mile Population: 7,252
• 3 Mile Population: 68,220
• 5 Mile Population: 146,934
• Strong Performing Store – Placer.ai
• Ranked 712 / 7,339 Nationwide – Top 10%
• Ranked 27 / 191 in North Carolina – Top 14%
• Ranked 2 / 12 within 15 Miles – Top 9%
• No Early Termination Right
• New Construction
• Corporately Backed by Starbucks Corporation
• Investment Grade of BBB+/Baa1
• Long Term Lease with 9 Years Remaining
• 8% Rent Bump in 2028
• 10% Rental Increases in options 2-6
• Outparcel to Market Dominant Aldi shopping center
• Starbucks has Six 5-Year Options remaining
THE FUNDAMENTALS
• Across The Street from Parkland High School with 1,600+
Students
• 3 Miles from Downtown Winston-Salem
• Signalized Hard Corner Intersection
• Strong Traffic Counts with 36,000 Vehicles Per Day
• Situated in the Piedmont Triad of North Carolina
• Dense retail corridor with Aldi, Sherwin Williams, Waffle House,
Harbor Freight and Planet Fitness located in the submarket
• Great Visibility and Access from Peters Creek Pkwy
• Strong Demographics
• 1 Mile Population: 7,252
• 3 Mile Population: 68,220
• 5 Mile Population: 146,934
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,225 SF
Building Class
C
Year Built
2023
Price
$2,460,000
Price Per SF
$1,105.62
Cap Rate
5.65%
NOI
$138,990
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.11 AC
Zoning
HB-S - Commercial
Parking
35 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
231’ on Peters Creek Pky
Amenities
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Jan 0000
Starbucks Corporation began in 1971 as a coffee bean retailer in Seattle's Pike Place Market. The company transformed into a coffeehouse under Howard Schultz's leadership in the 1980s. Starbucks expanded internationally in the 1990s, establishing a worldwide presence with company-operated stores and licensed locations. The business serves coffee beverages, teas, and various food items while operating through multiple segments including retail operations and product licensing. Starbucks maintains a significant global footprint in the coffee retail industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | 99,999 SF | - | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6824-81-1227 | Improvements Assessment | $0 |
| Land Assessment | $3,700 | Total Assessment | $3,700 |
Property Taxes
Parcel Number
6824-81-1227
Land Assessment
$3,700
Improvements Assessment
$0
Total Assessment
$3,700
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Top 10% Performing Starbucks | Winston-Salem | 2701 Peters Creek Pky
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