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Starbucks 6021 Hickory Grove Rd 2,500 SF Retail Building Charlotte, NC 28215 $3,795,000 ($1,518/SF) 5.85% Cap Rate
Investment Highlights
- New 15.5 Year Lease | Options To Extend | 2026 Construction | Rental Increases | Credit Tenant (NASDAQ: SBUX | S&P: BBB+)
- Dense Retail Node | Strong Tenant Synergy
- Direct Residential Consumer Base | Residential Developments | Strong Demographics In 5-Mile Trade Area
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Signalized, Hard Corner Intersection | Drive-Thru Equipped |Excellent Visibility & Access
- Charlotte MSA | Premier Southeast Market
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a newly constructed Starbucks investment property located in Charlotte, North Carolina. The tenant, Starbucks Corporation (NASDAQ: SBUX | S&P: BBB+), recently signed a new 15.5-year lease with six (6) five-year renewal options, reflecting a long-term commitment to the site. The lease features 1.5% annual rental increases throughout the primary term and option periods; however, rent remains unchanged from 8/1/2036 through 7/31/2041, before increasing for the final six months of the primary term and resuming 1.5% annual increases throughout the option periods. Rental increases are effective each August 1, so each option term begins with a six-month period at the prior rate. Newly constructed in 2026 with high-quality finishes and modern fixtures, the property is expected to require minimal future capital investment. The lease is structured as NN, with the tenant reimbursing for taxes, insurance, and common area expenses, making it an attractive low-management opportunity for passive investors.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,500 SF
Building Class
C
Year Built
2026
Construction Status
Under Construction
Price
$3,795,000
Price Per SF
$1,518
Cap Rate
5.85%
NOI
$222,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.17 AC
Zoning
CG - General Commercial
Parking
30 Spaces (12 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Starbucks
- Accommodation and Food Services
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99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Starbucks | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 099-311-14 | Improvements Assessment | $206,800 |
| Land Assessment | $803,900 | Total Assessment | $1,010,700 |
Property Taxes
Parcel Number
099-311-14
Land Assessment
$803,900
Improvements Assessment
$206,800
Total Assessment
$1,010,700
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