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405 E Cornwallis St
Greensboro, NC 27405
Starbucks · Retail Property For Sale
Investment Highlights
- 10-year corporate net lease to Starbucks Corporation
- 10% fixed rental increases every five years, providing a hedge against inflation
- High-quality 2023 construction featuring a dedicated double drive-thru (16+ vehicle stack)
- Location is a “Community Store”, which will bolster economic growth by including an environment to connect with and engage the Greensboro community
- Investment grade tenant, rated “BBB+” by Standard & Poor’s
- Outparcel to Food Lion-anchored Golden Gate Shopping Center
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,670 SF
Building Class
C
Year Built/Renovated
1973/2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.87 AC
Zoning
CH - Retail
Parking
32 Spaces (8.72 Spaces per 1,000 SF Leased)
Frontage
148’ on E Cornwallis Dr
Amenities
- Bus Line
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 0028171 | Improvements Assessment | $1,769,400 |
| Land Assessment | $617,300 | Total Assessment | $2,386,700 |
Property Taxes
Parcel Number
0028171
Land Assessment
$617,300
Improvements Assessment
$1,769,400
Total Assessment
$2,386,700
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