Starbucks | 9+yrs Remain Corp NNN | S&P: BBB+ | 424 US Highway 70 W
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Starbucks | 9+yrs Remain Corp NNN | S&P: BBB+ 424 US Highway 70 W
2,480 SF Retail Building Havelock, NC 28532 $2,008,000 ($810/SF) 6.10% Cap Rate
Investment Highlights
- Over 9 Years Remaining | Corporate Signed (S&P: BBB+) | Scheduled Rental Increases
- Outparcel to Planet Fitness Anchor | Drive-Thru Equipped |South of Walmart Supercenter | Primary Retail Corridor
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics in 10-Mile Trade Area
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, drive-thru equipped, corporate signed, freestanding Starbucks investment property located in Havelock, North Carolina. The tenant, Starbucks Corporation (NASDAQ: SBUX | S&P: BBB+) has over 9 years remaining on their current lease term with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features a flat base term, with 10% increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,480 SF
Year Built
2023
Price
$2,008,000
Price Per SF
$810
Cap Rate
6.10%
NOI
$122,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
0.80 AC
Zoning
HC - Highway Commercial
Parking
9.27 Spaces per 1,000 SF Leased
Frontage
223 FT on State Road 1765
Amenities
- Restaurant
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 6-216-007 | Improvements Assessment | $2,208,400 |
| Land Assessment | $907,490 | Total Assessment | $3,115,890 |
PROPERTY TAXES
Parcel Number
6-216-007
Land Assessment
$907,490
Improvements Assessment
$2,208,400
Total Assessment
$3,115,890
-
Britt Raymond -
Kyle Fant -
SRS Real Estate Partners
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Starbucks | 9+yrs Remain Corp NNN | S&P: BBB+ | 424 US Highway 70 W
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.