Share This Listing

Message

946 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

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

Save this listing!

Favorite this listing to get notified of price updates, new media and more

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

Starbucks
Kickback Jack's
BJ's Restaurant & Brewhouse
Sarku Japan
Summit Credit Union
Carolina Ale House
Red Robin
First Watch
Texas Roadhouse
Food Lion
  • Listing ID: 38830229

  • Date on Market: 12/19/2025

  • Last Updated:

  • Address: 3288 Silas Creek Pky, Winston-Salem, NC 27103

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}