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Starbucks 2487 Sugar Hill Rd

2,450 SF Retail Building Marion, NC 28752 $2,500,000 ($1,020/SF) 6% Cap Rate

Retail Buildings North Carolina Marion 2487 Sugar Hill Rd, Marion, NC 28752

Investment Highlights

  • 2024 new construction | Fresh 10-year lease
  • Great visibility from Sugar Hill Rd | 17,000 VPD
  • 0.5 miles from entrance to I-40 | 32,00 VPD
  • Corporate lease | Starbucks Corporation | 38,083+ locations worldwide | Investment grade credit | Baa2/BBB+
  • Electric boat manufacturer Forza X1 announced plans to build 125,000 SF plant in Marion, NC | Estimated to generate $479M in economic impact
  • 3 minutes from Mission Hospital McDowell

Executive Summary

Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Starbucks in Marion, NC. We welcome your review of this attractive investment.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,450 SF
Year Built
2024
Price
$2,500,000
Price Per SF
$1,020
Cap Rate
6%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.81 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parking
21 Spaces (8.57 Spaces per 1,000 SF Leased)

Amenities

  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Starbucks
  • Accommodation and Food Services
  • 2,450 SF
  • -
  • Double Net
  • Sep 2034
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Starbucks Accommodation and Food Services 2,450 SF - Double Net Sep 2034

Links

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Nearby Major Retailers

Hwy 55 Burgers Shakes & Fries
Waffle House

PROPERTY TAXES

Parcel Number 0790-12-96-8194 Improvements Assessment $675,030
Land Assessment $659,810 Total Assessment $1,334,840

PROPERTY TAXES

Parcel Number
0790-12-96-8194
Land Assessment
$659,810
Improvements Assessment
$675,030
Total Assessment
$1,334,840
(704) 379-1985

Contacts

  • Listing ID: 34467138

  • Date on Market: 1/13/2025

  • Last Updated:

  • Address: 2487 Sugar Hill Rd, Marion, NC 28752

More public record information on 2487 Sugar Hill Rd, Marion, NC 28752

The Retail Property at 2487 Sugar Hill Rd, Marion, NC 28752 is currently available for sale. Contact Berkeley Capital Advisors for more information.

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Starbucks | 2487 Sugar Hill Rd
(704) 379-1985 x

Starbucks | 2487 Sugar Hill Rd

1/2

Ransome Foose

(704) 379-1985

(704) 379-1985

Carl Brendes

(704) 714-2363

(704) 714-2363

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