About This Restaurant
Investment Highlights
Rare Starbucks Community Store Close Proximity to Cone Hospital Outparcel to Golden Gate Shopping Center Compelling Value Story Recent Complete Renovation
Executive Summary
CBRE is pleased to exclusively offer for sale the 3,670-square-foot Starbucks situated on 0.87 acres in Greensboro, NC (MSA Population: 787,402). Starbucks? net lease features ?9.1 years of term remaining with a 10% rent increase in June 2028 and in each of the six 5-year renewal options.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Storefront Fast Food
- Building Size 3,670
- Building Class C
- Year Built/Renovated 1973/2023
- Price 2,483,400
- Price Per SF 677
- Cap Rate 6
- NOI 149,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.10
- Land Acres 0.87 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.
Amenities
- Bus Line
- Pylon Sign
- Drive Thru
Nearby Amenities & Transportation
| Retail | Curves | ||
| Retail | La Bamba Mexican Restaurant | ||
| Retail | Starbucks | ||
| Retail | Altitude Trampoline Park | ||
| Retail | Food Lion | ||
| Retail | Planet Fitness | ||
| Retail | Cook Out | ||
| Retail | Libby Hill Seafood Restaurants | ||
| Retail | Truist | ||
| Retail | Rent-A-Center |
Property Taxes
| Parcel Number | 0028171 | Improvements Assessment | $493,800 |
| Land Assessment | $541,800 | Total Assessment | $1,035,600 |
| Date Created: | 2024-07-16 04:16:23 | Last Updated: | 2024-07-16 04:16:23 |
| Address: | 405 E Cornwallis St , Greensboro, North Carolina, 27405 | ||