Starbucks Albemarle, NC

617 NC-24
Albemarle, NC

Price: $2,571,429
Cap Rate: 5.25%
NOI: $135,000
Building Size: Approx. 2,500 Sq. Ft.
Lot Size: Approx. 0.92 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2023

Investment Overview

  • 2023 Construction. 2,500+/- SF Building on 0.92+/- Acre Site
  • Brand New 10 Year Net Lease w/ 10% Rental Increases in Both Primary Term and Options
  • Strong Highway Location Directly off of NC-24 (24K VPD) w/ a Designated Turn Lane
  • Shadow Anchored by Wal-Mart in Dense Retail Corridor Near Chick-fil-A, Cook Out, and More
  • Less Than 2 Miles from the Brand New Albemarle Business Center, a 287 Acre Industrial & Warehouse Park
  • Starbucks (S&P BBB+) is Largest Specialty Coffee Retailer in the World
  • Albemarle | Just Outside Charlotte, NC | Population: 16,500+