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Starbucks 2728 S Main St 1,450 SF Retail Building High Point, NC 27263 $2,821,000 ($1,945.52/SF) 5.85% Cap Rate
INVESTMENT HIGHLIGHTS
- ATTRACTIVE LEASE FUNDAMENTALS
- CLOSE PROXIMITY TO HIGH POINT UNIVERSITY
- HIGH VISIBILITY ALONG HIGH TRAFFICKED CORRIDOR
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
POSITIONED IN DENSE RETAIL NODE
- Over 1.4MSF of retail space located in a 1-mile radius
- According to - Retail vacancy within that same 1-mile radius is 1.3%
- Nearby national retail tenants include: Walmart Supercenter, Roses Discount Store, Dollar Tree, ALDI, Food Lion, and more
HIGH VISIBILITY ALONG HIGH TRAFFICKED CORRIDOR
- Site is located in a QSR corridor with more than 10 QSRs positioned next to each other providing ancillary customers
- Site is located off of busy S Main St (36,500 VPD) with easy access to the drive thru
RECENT RENOVATION
- Tenant has paid to retrofit the building to the newest Starbucks format
- Warranties will be assigned to new owner
CLOSE PROXIMITY TO HIGH POINT UNIVERSITY
- Located just 4.5 miles from the site is High Point University
- This university has over 6,500 students enrolled in person with 93% of students living on campus
- High Point employs over 2,300 people making it the 22nd largest employer in 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
POSITIONED IN DENSE RETAIL NODE
- Over 1.4MSF of retail space located in a 1-mile radius
- According to - Retail vacancy within that same 1-mile radius is 1.3%
- Nearby national retail tenants include: Walmart Supercenter, Roses Discount Store, Dollar Tree, ALDI, Food Lion, and more
HIGH VISIBILITY ALONG HIGH TRAFFICKED CORRIDOR
- Site is located in a QSR corridor with more than 10 QSRs positioned next to each other providing ancillary customers
- Site is located off of busy S Main St (36,500 VPD) with easy access to the drive thru
RECENT RENOVATION
- Tenant has paid to retrofit the building to the newest Starbucks format
- Warranties will be assigned to new owner
CLOSE PROXIMITY TO HIGH POINT UNIVERSITY
- Located just 4.5 miles from the site is High Point University
- This university has over 6,500 students enrolled in person with 93% of students living on campus
- High Point employs over 2,300 people making it the 22nd largest employer in the region
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,450 SF
Building Class
B
Year Built/Renovated
1987/2025
Price
$2,821,000
Price Per SF
$1,945.52
Cap Rate
5.85%
NOI
$165,000
Tenancy
Single
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.05
Lot Size
0.68 AC
Zoning
HB - Highway Business
Parking
55 Spaces (37.93 Spaces per 1,000 SF Leased)
Frontage
94’ on S Main St
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Starbucks
- Retailer
- 1,450 SF
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Starbucks | Retailer | 1,450 SF | - | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0179557 | Improvements Assessment | $85,900 |
| Land Assessment | $237,600 | Total Assessment | $323,500 |
PROPERTY TAXES
Parcel Number
0179557
Land Assessment
$237,600
Improvements Assessment
$85,900
Total Assessment
$323,500
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Starbucks | 2728 S Main St
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