2395 Springs Rd NE - Freestanding FOR SALE
Hickory, NC 28601 |
2395 Springs Rd NE
Hickory, NC 28601
HIGHLIGHTS
- 10-year corporate net lease to Starbucks Corporation
- 10% fixed rental increases every five years, providing a hedge against inflation
- Investment grade tenant, rated “BBB+” by Standard & Poor’s
- Strategically located outparcel to Walmart Neighborhood Market anchored shopping center
- Near several national tenants, including Walmart Neighborhood Market, Walgreens, Arby’s, Zaxby’s, McDonald’s, Taco Bell, Sheetz and more
- Projected average annual household income growth of more than 18% within 1-, 3-, 5-mile radii over the next five years
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Starbucks
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food, Storefront
TOTAL BUILDING SIZE
2500
STORIES
1
YEAR BUILT
2023
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
3723091628830000
