7439 Richlands Hwy - Freestanding FOR SALE


Richlands, NC 28574
$2,867,000 USD
973-632-1386
7439 Richlands Hwy, Richlands, NC for Sale
$2,867,000 USD
Freestanding - FOR SALE
1/9
null | 6% Cap Rate

7439 Richlands Hwy
Richlands, NC 28574


HIGHLIGHTS

  • Brand new 10-year lease with six (5-year) option periods to extend | 10% rental increases every five years throughout the initial term and options
  • Corporate entity (NASDAQ: SBUX | S&P: BBB+)
  • Strategically located along Richlands Highway, featuring 26,000 VPD | Across from Richlands High School (900+ students)
  • Outparcel to new Tractor Supply and neighboring several new retailers such as Speedway, Navy Credit Union, McDonald’s, Wendy’s, Arby's, Hwy 55 Burgers
  • November 2024 estimated grand opening
  • 213,676 residents support the Jacksonville, NC MSA

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, drive-thru equipped, corporate signed, Starbucks investment property located in Richlands, NC. The tenant, Starbucks Corporation, recently signed a brand new 10-year lease with 6 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity (NASDAQ: SBUX | S&P: BBB+) and is NN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1971, Starbucks is the premier roaster and retailer of specialty coffee with nearly 39,000 operating locations worldwide.

FOR SALE DETAILS

PRICE

$2,867,000 USD

PRICE/SF

$1,147 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | Corp NN | DriveThru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

C-2

APN/PARCEL ID

203A-8

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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