7521 Friendship Ln

Horvath & Tremblay is pleased to present the exclusive sale of a corporate leased Starbucks investment property located at 7521 Friendship Lane in Roanoke, Virginia (the “Property”). Starbucks is operating under a rare, 15-year lease, and is followed by six (6), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each renewal option. Starbucks is located at the signalized intersection of Friendship Lane and Plantation Road (VA Route 115) and enjoys excellent visibility, frontage, and prominent signage. The new construction Property is seconds from Interstate 81 and less than 1-mile from US Highway 11, the area’s primary commercial and commuter corridor. The Property is 1.3-miles from Hollins University and is surrounded by several hotels and large office and industrial complexes that attract a large workforce to the area and is surrounded by heavily populated residential neighborhoods that provide a built-in customer base.