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