1070 Darrington Dr - Retail FOR SALE


$3,000,000 USD
919-576-2501
1070 Darrington Dr, Cary, NC for Sale
$3,000,000 USD
Retail - FOR SALE
1/4
null | 5.25% Cap Rate


HIGHLIGHTS

  • Brand new 2024 construction – 2,500 SF Starbucks with drive-thru
  • 10% rent increases every 5 years, including in six 5-year renewal options
  • NN lease structure – minimal landlord responsibilities
  • 10-year NN lease with Starbucks Corporation
  • Affluent demographics: $190K+ avg. HH income within 1 mile
  • Located in high-growth Cary, NC – near RTP and RDU Airport

OVERVIEW

Brand new 10-year corporate Starbucks NN lease located in Cary, one of the fastest-growing and most affluent markets in North Carolina. Built in 2024, this 2,500 SF build-to-suit store features a drive-thru and benefits from 23,500 VPD on NW Cary Parkway. The site is surrounded by an affluent residential customer base and is located less than one mile from Park West Village shopping center. Lease includes 10% rent increases every five years and six 5-year options with no kick-out clause. -- Brand new 2024 construction - 2,500 SF Starbucks with drive-thru -- 10-year NN lease with Starbucks -- Approximately 9 years, 3 months remaining on lease -- No kick-out option in place -- 10% rent escalations every five years, including in six 5-year renewal options -- Positioned on NW Cary Parkway (23,500 VPD) at a signalized intersection -- High-growth location in Cary near RTP and RDU Airport -- Affluent demographics with an average household income of $190,000 in a one-mile radius

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$1,200 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

GCCU

APN/PARCEL ID

0754.01-46-2297-000

ASK ABOUT THIS PROPERTY

Moss WithersLee & AssociatesMore Info
919-576-2501

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Moss WithersLee & AssociatesMore Info
919-576-2501

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