106 College View Rd - Fast Food FOR SALE


Dallas, NC 28034
$3,261,000 USD
980-498-3293
106 College View Rd, Dallas, NC for Sale
$3,261,000 USD
Fast Food - FOR SALE
1/6
null | 5.75% Cap Rate

106 College View Rd
Dallas, NC 28034


HIGHLIGHTS

  • ONLY DRIVE THROUGH COFFEE CONCEPT IN LOW VACANCY MARKET
  • NEW CONSTRUCTION OFF OF MAJOR HIGHWAY
  • CHARLOTTE MSA TAILWINDS

OVERVIEW

ATTRACIVE LEASE FUNDAMENTALS - 10% rental increases every 5 years including options - Six (6) - five (5) year options - Minimal LL responsibilities CORPORATE GUARANTEE FROM CREDIT TENANT - Starbucks has a S&P credit rating of BBB+ - Over 35,000 locations worldwide - $30.3B Total Revenue ONLY DRIVE THROUGH COFFEE CONCEPT IN LOW VACANCY MARKET - Only Drive Through Coffee Concept in market - Over 525K SF of retail space in a one mile radius - Site is positioned before the retail center Windsor Square - The highly visited center is anchored by CVS and boasts credit tenants such as ABC Store, Bank of America, and more CLOSE PROXIMITY TO GASTON COLLEGE - Site is located under a mile just north of Gaston College - The public university has over 5,500 students enrolled and employs more than 400 employees - Close proximity to this school provides the Starbucks with a built in customer base as it is the closest coffee option to the school NEW CONSTRUCTION OFF OF MAJOR HIGHWAY - New build-to-suit Starbucks - Warranties will be assigned to the new owner - Tenant has paid to add specific capital improvements to enhance operational performance - The site is located directly off of Hwy 321 (48.5K VPD) , a major commuter route connecting I-85 & I40 CHARLOTTE MSA TAILWINDS - Located in Dallas, NC, less than 30 Miles from Charlotte, NC, the Site benefits from Charlotte’s population growth - Charlotte, NC ranked #5 in fastest growing Metros - This property will be a direct beneficiary of the rapid expansion that Charlotte and the surrounding areas continue to experience

FOR SALE DETAILS

PRICE

$3,261,000 USD

PRICE/SF

$1,304 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

-

APN/PARCEL ID

171244

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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