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Top 10% Performing Starbucks | Winston-Salem 2701 Peters Creek Pky
2,225 SF Retail Building Winston-Salem, NC 27127 $2,598,000 ($1,168/SF) 5.35% Cap Rate
Executive Summary
• Strong Performing Store – Placer.ai
• Ranked 712 / 7,339 Nationwide – Top 10%
• Ranked 27 / 191 in North Carolina – Top 14%
• Ranked 2 / 12 within 15 Miles – Top 9%
• No Early Termination Right
• New Construction
• Corporately Backed by Starbucks Corporation
• Investment Grade of BBB+/Baa1
• Long Term Lease with 9 Years Remaining
• 8% Rent Bump in 2028
• 10% Rental Increases in options 2-6
• Outparcel to Market Dominant Aldi shopping center
• Starbucks has Six 5-Year Options remaining
THE FUNDAMENTALS
• Across The Street from Parkland High School with 1,600+
Students
• 3 Miles from Downtown Winston-Salem
• Signalized Hard Corner Intersection
• Strong Traffic Counts with 36,000 Vehicles Per Day
• Situated in the Piedmont Triad of North Carolina
• Dense retail corridor with Aldi, Sherwin Williams, Waffle House,
Harbor Freight and Planet Fitness located in the submarket
• Great Visibility and Access from Peters Creek Pkwy
• Strong Demographics
• 1 Mile Population: 7,252
• 3 Mile Population: 68,220
• 5 Mile Population: 146,934
Property Facts
Amenities
- Dedicated Turn Lane
- Drive Thru
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Jan 0000
Starbuck's story begins in 1971 along the cobblestone streets of Seattle’s historic Pike Place Market. It was here where Starbucks opened its first store, offering fresh-roasted coffee beans, tea and spices from around the world for their customers to take home. Their name was inspired by the classic tale, “Moby-Dick,” evoking the seafaring tradition of the early coffee traders. Starbucks would soon expand to Chicago and Vancouver, Canada and then on to California, Washington, D.C. and New York. By 1996, they would cross the Pacific to open their first store in Japan, followed by Europe in 1998 and China in 1999. Over the next two decades, they would grow to welcome millions of customers each week and become a part of the fabric of tens of thousands of neighborhoods all around the world. In everything they do, they are always dedicated to Their Mission: With every cup, with every conversation, with every community - they nurture the limitless possibilities of human connection.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Accommodation and Food Services | 99,999 SF | - | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 6824-81-1227 | Improvements Assessment | $0 |
| Land Assessment | $3,500 | Total Assessment | $3,500 |
PROPERTY TAXES
-
Brent Hadden -
Power Broker David Rivers -
Power Broker Ryan McArdle -
Power Broker Steve Collins -
Palomar Group
Presented by
Top 10% Performing Starbucks | Winston-Salem | 2701 Peters Creek Pky
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