2405 S Church St - Fast Food FOR SALE


Burlington, NC 27215
$4,083,000 USD
929-229-2614
2405 S Church St, Burlington, NC for Sale
$4,083,000 USD
Fast Food - FOR SALE
1/11
null | 6% Cap Rate

2405 S Church St
Burlington, NC 27215


HIGHLIGHTS

  • New 15.5+ Year Lease | Options To Extend | 2025 Construction | 1.5% Annual Rental Increases | Credit Tenant (NASDAQ: SBUX | S&P:BBB+)
  • Dense Retail Corridor | Proximity To Holly Hill Mall (2.1M Annual Visitors)
  • Proximity To Key Community Anchors
  • Fronting S Church Street (27,500 VPD) | Excellent Visibility & Access
  • Direct Residential Consumer Base | Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a newly constructed, NN-leased Starbucks property located in Burlington, North Carolina. Starbucks Corporation (NASDAQ: SBUX | S&P: BBB+), one of the world’s largest coffee brands with over 40,200 locations, recently executed a new 15.5-year lease with six (6) five-year renewal options. If lease commencement falls between September 1 and January 31, the first Lease Year extends through February 28, with all future years beginning March 1st, potentially extending the lease beyond 15.5 years The lease features 1.5% annual rental increases, providing consistent NOI growth and a hedge against inflation. Newly constructed in 2025 with high-quality finishes reduces future capital expenditures and enhances long-term value.

FOR SALE DETAILS

PRICE

$4,083,000 USD

PRICE/SF

$1,633 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | New15.5yr Corp NN w/ Annual Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,295 SF

ZONING

-

APN/PARCEL ID

114732

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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