3288 Silas Creek Pky - Fast Food FOR SALE


Winston-Salem, NC 27103- S Downtown Winston-Salem
$2,609,000 USD
813-758-8797
3288 Silas Creek Pky, Winston-Salem, NC for Sale
$2,609,000 USD
Fast Food - FOR SALE
1/4
null | 5.75% Cap Rate

3288 Silas Creek Pky
Winston-Salem, NC 27103
S Downtown Winston-Salem


HIGHLIGHTS

  • Newly renovated building with an investment-grade tenant and attractive rent increases.
  • Long-term lease with below market rent PSF compared to similar new builds.
  • Prime Intersection: Silas Creek Pkwy & Hanes Mall Blvd sees 46,000 vehicles per day, one of the highest VPD corridors in the Triad.
  • Silas Creek Crossing: Institutionally owned and managed shopping center anchored by Burlington and Marshalls.
  • Credit Strength: Starbucks holds a BBB+ S&P rating, has maintained for 20+ years, and operates 38,000+ global stores.

OVERVIEW

Colliers, as exclusive broker, is pleased to offer the opportunity to acquire a single-tenant Starbucks located at the intersection of Silas Creek Parkway and Hanes Mall Boulevard in Winston-Salem, North Carolina, within the Piedmont Triad region. The property features a corporate lease with over ten years remaining, 10% rental increases every five years, and four five-year renewal options. Starbucks pays below-market rent, supporting long-term sustainability and stable cash flow. The site is anchored by Hanes Mall, North Carolina’s largest enclosed mall with 8.4 million annual visits, and Forsyth Medical Center, a top 5% national healthcare destination, with proximity to major employers and academic institutions. The surrounding metro has a population exceeding 1.7 million, with projected growth through 2040. Starbucks is an investment-grade tenant (BBB+ S&P), operating over 38,000 stores globally, with 34.6 million U.S. Rewards members and strong cold beverage sales. Retail vacancy in the area is 2.9%, and Winston-Salem ranks as the #2 most affordable metro in the U.S. North Carolina offers the lowest corporate income tax among states that levy one. This offering provides the opportunity to acquire a high-performing, investment-grade tenant in a metro with minimal management requirements and strong long-term fundamentals.

FOR SALE DETAILS

PRICE

$2,609,000 USD

PRICE/SF

$538 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

-

APN/PARCEL ID

6814-77-2367

ASK ABOUT THIS PROPERTY

Michael BrewsterColliersMore Info
813-758-8797

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Michael BrewsterColliersMore Info
813-758-8797

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