2701 Peters Creek Pky - Fast Food FOR SALE


Winston-Salem, NC 27127
$2,460,000 USD
706-993-5010
2701 Peters Creek Pky, Winston-Salem, NC for Sale
$2,460,000 USD
Fast Food - FOR SALE
1/8
null | 5.65% Cap Rate

2701 Peters Creek Pky
Winston-Salem, NC 27127


OVERVIEW

THE ASSET • 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

FOR SALE DETAILS

PRICE

$2,460,000 USD

PRICE/SF

$1,106 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Top 10% Performing Starbucks | Winston-Salem

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

HB-S

APN/PARCEL ID

6824-81-1227

ASK ABOUT THIS PROPERTY

Brent HaddenPalomar GroupMore Info
706-993-5010

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Brent HaddenPalomar GroupMore Info
706-993-5010

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.