380 George W Liles Pky NW - Freestanding FOR SALE


Concord, NC 28027
$2,895,000 USD
929-229-2614
380 George W Liles Pky NW, Concord, NC for Sale
$2,895,000 USD
Freestanding - FOR SALE
1/9
null | 5.25% Cap Rate

380 George W Liles Pky NW
Concord, NC 28027


HIGHLIGHTS

  • Starbucks Corporate Lease | Options To Extend | New Construction | Drive-Thru Equipped.
  • NN | Fee Simple Ownership | Limited Landlord Responsibilities.
  • Close Proximity to Target Anchored Center | Visibility and Access.
  • Strong Demographics In 5-Mile Trade Area.

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, newly constructed, Starbucks investment property located in Concord, North Carolina. The tenant, Starbucks Corporation, recently signed a brand new 10 year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease NN with limited landlord responsibilities making it an ideal, limited-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,895,000 USD

PRICE/SF

$1,224 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | 9+yrs Remain Corp Lse | DrThru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,855 SF

ZONING

C-2

APN/PARCEL ID

5601-30-3067-0000

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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