5206 US 29 Business | Reidsville, NC 27320
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- LoopNet Team
5206 US 29 Business
Reidsville, NC 27320
Starbucks | New Construction | 10 Year Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10 Year Lease with 10% Rent Increases in Each Option - Rent increases | NN lease with no early termination clause | Rent increases during each option
- Located in High Traffic Retail Corridor - The property is surrounded by popular tenants including Walmart Supercenter, Food Lion, and Lowes
- Greensboro MSA - The subject property is located 25 miles North of downtown Greensboro and is part of the Greensboro MSA
- Only Starbucks within 25 miles & First in Reidsville - First standalone Starbucks in Reidsville and the only Starbucks in 25 miles of another location
- Corporate Guaranty from Investment Grade Tenant - Starbucks has a Market Cap of $99B (NASDAQ: SBUX) with over 33,000 locations across the country
- Drive Through Location - The property features a drive-through, which studies have shown can increase restaurant sales by as much as 8%
PROPERTY FACTS
Property Type
Retail
Building Size
2,275 SF
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.03 AC
Zoning
Commercial
Parking
29 Spaces (12.75 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 175171 | Improvements Assessment | $548,076 |
| Land Assessment | $481,196 | Total Assessment | $1,029,272 |
PROPERTY TAXES
Parcel Number
175171
Land Assessment
$481,196
Improvements Assessment
$548,076
Total Assessment
$1,029,272
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