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Starbucks 3288 Silas Creek Pky 4,850 SF Retail Building Winston-Salem, NC 27103 $2,609,000 ($537.94/SF) 5.75% Cap Rate



Investment Highlights
- Newly renovated building with an investment-grade tenant and attractive rent increases.
- Prime Intersection: Silas Creek Pkwy & Hanes Mall Blvd sees 46,000 vehicles per day, one of the highest VPD corridors in the Triad.
- Credit Strength: Starbucks holds a BBB+ S&P rating, has maintained for 20+ years, and operates 38,000+ global stores.
- Long-term lease with below market rent PSF compared to similar new builds.
- Silas Creek Crossing: Institutionally owned and managed shopping center anchored by Burlington and Marshalls.
Executive Summary
Colliers, as exclusive broker, is pleased to offer the opportunity to acquire a single-tenant Starbucks located at the intersection of Silas Creek Parkway and Hanes Mall Boulevard in Winston-Salem, North Carolina, within the Piedmont Triad region. The property features a corporate lease with over ten years remaining, 10% rental increases every five years, and four five-year renewal options. Starbucks pays below-market rent, supporting long-term sustainability and stable cash flow. The site is anchored by Hanes Mall, North Carolina’s largest enclosed mall with 8.4 million annual visits, and Forsyth Medical Center, a top 5% national healthcare destination, with proximity to major employers and academic institutions. The surrounding metro has a population exceeding 1.7 million, with projected growth through 2040. Starbucks is an investment-grade tenant (BBB+ S&P), operating over 38,000 stores globally, with 34.6 million U.S. Rewards members and strong cold beverage sales. Retail vacancy in the area is 2.9%, and Winston-Salem ranks as the #2 most affordable metro in the U.S. North Carolina offers the lowest corporate income tax among states that levy one. This offering provides the opportunity to acquire a high-performing, investment-grade tenant in a metro with minimal management requirements and strong long-term fundamentals.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,850 SF
Building Class
C
Year Built
1989
Price
$2,609,000
Price Per SF
$537.94
Cap Rate
5.75%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.10 AC
Amenities
- Signage
- Drive Thru
Nearby Major Retailers
1 of 5
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Presented by
Starbucks | 3288 Silas Creek Pky
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