6021 Hickory Grove Rd - Fast Food FOR SALE


Charlotte, NC 28215- Farm Pond
$3,795,000 USD
929-229-2614
6021 Hickory Grove Rd, Charlotte, NC for Sale
$3,795,000 USD
Fast Food - FOR SALE
1/7
null | 5.85% Cap Rate

6021 Hickory Grove Rd
Charlotte, NC 28215
Farm Pond


HIGHLIGHTS

  • New 15.5 Year Lease | Options To Extend | 2026 Construction | Rental Increases | Credit Tenant (NASDAQ: SBUX | S&P: BBB+)
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Dense Retail Node | Strong Tenant Synergy
  • Signalized, Hard Corner Intersection | Drive-Thru Equipped |Excellent Visibility & Access
  • Direct Residential Consumer Base | Residential Developments | Strong Demographics In 5-Mile Trade Area
  • Charlotte MSA | Premier Southeast Market

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a newly constructed Starbucks investment property located in Charlotte, North Carolina. The tenant, Starbucks Corporation (NASDAQ: SBUX | S&P: BBB+), recently signed a new 15.5-year lease with six (6) five-year renewal options, reflecting a long-term commitment to the site. The lease features 1.5% annual rental increases throughout the primary term and option periods; however, rent remains unchanged from the beginning of Lease Year 10 through the end of Lease Year 14, before increasing for the final six months of the primary term and continuing with 1.5% annual rental increases throughout the option periods. Newly constructed in 2026 with high-quality finishes and modern fixtures, the property is expected to require minimal future capital investment. The lease is structured as NN, with the tenant reimbursing for taxes, insurance, and common area expenses, making it an attractive low-management opportunity for passive investors.

FOR SALE DETAILS

PRICE

$3,795,000 USD

PRICE/SF

$2,232 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

CG

APN/PARCEL ID

099-311-14

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.