2941 Town Center Drive | Hope Mills, NC 28348
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2941 Town Center Drive
Hope Mills, NC 28348
Starbucks | Next to Harris Teeter · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long Term 10 Year Lease - 10% rent increase in year 6 and no early termination clause showing Sbux commitment to this market
- Corporate Guaranty from Investment Grade Tenant - Starbucks has a Market Cap of $99B (NASDAQ: SBUX) with over 33,000 locations | (S&P rating of BBB+)
- Drive Thru and Freestanding Location - The property features a drive thru, which studies have shown can increase restaurant sales by as much as 8%
- Relocation Starbucks with Proven Demand in the Market - Sbux currently inside the Harris Teeter, strong sales gave confidence to move to freestanding
- Excellent Visibility at a Corner and Large Traffic Counts - Over 17,000 vehicles per day will pass this store, premium road frontage and corner access
- New Construction with State of the Art Design (Newest Prototype) - Brand new construction should limit a new owner's exposure to capital repairs
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
0.09
Lot Size
0.65 AC
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