152 Enterprise rd - Retail FOR SALE


Lexington, NC 27295- Davidson
$3,217,000 USD
704-995-2850
152 Enterprise rd, Lexington, NC for Sale
$3,217,000 USD
Retail - FOR SALE
1/5
null | 5.75% Cap Rate

152 Enterprise rd
Lexington, NC 27295
Davidson


HIGHLIGHTS

  • HIGH TRAFFIC, INTERSTATE LOCATION FOR BUILT-IN CUSTOMERS
  • CORPORATE GUARANTEE FROM CREDIT TENANT
  • ATTRACTIVE LEASE FUNDAMENTALS

OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,217,000 USD

PRICE/SF

$1,406 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

-

APN/PARCEL ID

13-023-0-000-0032-A-0-0

ASK ABOUT THIS PROPERTY

Mike LucierAtlantic Capital PartnersMore Info
704-995-2850

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Mike LucierAtlantic Capital PartnersMore Info
704-995-2850

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