Starbucks 14147 Upward Crossing Dr

Investment Highlights

Attractive Lease Fundamentals Nearby Major Industrial Employers Strategic Location - Directly off I-26

Executive Summary

Corporate Guarantee from Credit Worthy Tenant - Starbucks has an S&P rating of BBB+ - Over 35,000 locations worldwide - $30.3B in Total RevenueAttractive Lease Fundamentals - Corporate Guarantee from Credit Rated Tenant - 10% rental increases every 5-years including options - Six (6) - five (5) year options - Minimal LL responsibilitiesNew Construction - New build-to-suit Starbucks - Warranties will be assigned to the new ownerStrategic Location - Positioned on the morning side of I-26 (59K VPD) exit to Hendersonville - Located in front of a Holiday Inn Express (85 key hotel) and a planned Tru by Hilton (90 key hotel) - Direct access to The Summit at Hendersonville, a 50 unit apartment complexNearby Industrial Employers - Less than 0.5 miles to Blue Ridge Commerce Center - a 648K SF Class A industrial park - Less than half mile to Parts Unlimited 229K SF distribution facility - Approximately 0.6 miles to Jabil Healthcare?s 160K SF distribution facility

• Sale Type    Investment
• Sale Conditions    1031 Exchange 1031 Exchange Build to Suit 1031 Exchange
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Storefront Fast Food
• Building Size    2,600
• Year Built    2023
• Price    2,368,000
• Price Per SF    911
• Cap Rate    5.70
• NOI    134,989
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.07
• Land Acres    0.86 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.