ATTRACTIVE LEASE FUNDAMENTALS
- Corporate Guarantee from Credit Rated Tenant
- 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
NEARBY MARKET DRIVERS
- North Davidson High School with over 1,000 students is located under a mile from the site
- Less than 1 mile from the site is Atrium Windows and Doors which employs more than 10,000 people at their factory 375K SF factory in Lexington, NC
LARGE INDUSTRIAL PRESENSE
- Within a 1-mile radius of the site is more than 1.3M SF of industrial space
- Nearby industrial employers include: Atrium Windows and Doors, ASCO Power Technologies, BMK Americas, Greif Welcome, and more
HIGH TRAFFIC, INTERSTATE LOCATION FOR BUILT-IN CUSTOMERS
- New build-to-suit Starbucks | Directly off of I-285 (58.5K VPD) on Old US Hwy 52 (15.5K VPD) with cross access to a lighted intersection
- Warranties will be assigned to the new owner
- Ability to advertise on nearby interstate billboard, with Starbucks reimbursing
HIGH GROWTH TRIAD AREA
- Over 1.7M people live in Triad
- The region has over 900K jobs with a 2.3% job growth since 2022
- Toyota is investing over $13.9B in their electric vehicle battery manufacturing facility that will bring over 3K jobs to the region