50 Lodge Ln - Fast Food FOR SALE


Verona, VA 24482
$2,730,000 USD
508-272-0585
50 Lodge Ln, Verona, VA for Sale
$2,730,000 USD
Fast Food - FOR SALE
1/4
null | 6.15% Cap Rate

50 Lodge Ln
Verona, VA 24482


OVERVIEW

Atlantic Capital Partners is pleased to present the sale of a newly constructed Starbucks located at 50 Lodge Lane in Verona, Virginia. This 2,500 SF build-to-suit prototype is currently under construction with a projected opening date of 10/1/2024. The property is strategically located on Laurel Hill Road, with excellent proximity to I-81, which sees 59,000 VPD. The site offers exceptional visibility and excellent daily vehicle traffic. Starbucks committed to a newly minted, rare, 10-year self-maintaining lease, with six five-year renewal options. The lease includes 10% rent escalations through the initial term, and at the start of each option period, with a current annual rent of $168,000. This investment combines the strengths of a newly constructed asset, limited landlord responsibilities, and a stable, long-term passive income stream.

FOR SALE DETAILS

PRICE

$2,730,000 USD

PRICE/SF

$1,092 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

C-1

APN/PARCEL ID

046 55C

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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