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Restaurant

Starbucks w/ Drive-Thru | Virginia | 2022 Construction w/ Covered Patio | Pad Site to Walmart

1209 N Main St, Marion (Southwest Virginia), VA 24354

Listing Price: $2,435,200

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
9.7
Gross SF
2,500
Guarantor
Corporate Guarantee
Rentable SF
2,500
Price/Gross SF
$974.08
Lease Type
Double Net
Rent Per Square Feet
$48.70

Investment Overview

Marion is a town in and the county seat of Smyth County, Virginia, United States. Conveniently positioned upon Interstate 81, Marion is easily accessible. Located in the Blue Ridge portion of the Southern Appalachian mountains in Southwest Virginia, the general Marion area is well known for its scenic beauty. The town is named for American Revolutionary War officer Francis Marion.

Investment Highlights

  • Starbucks w/ Drive-Thru and Covered Patio Featuring 10% Every 5 Years Throughout the Initial Term and Options. Brand New 2022 High Quality Construction and with a 10 Year Roof Warranty.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $29.06 Billion.
  • Down the Street from Smyth County Community Hospital - a 44-Bed Acute Care Hospital, 109-Bed Nursing Care Facility, and a Variety of Outreach Programs.
  • Positioned Along Area's Traffic & Retail Corridor. Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 15k Vehicles. Near I-81 (29k+ VPD).
  • Pad Site to Walmart and near Numerous other National Retailers Including Tractor Supply, Food Lion, Food City, Walgreens, CVS, Ollie's Bargain Outlet and many more.
  • In Close Proximity to Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Restaurant

Starbucks w/ Drive-Thru | Virginia | 2022 Construction w/ Covered Patio | Pad Site to Walmart

Listing Price: $2,435,200

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
9.7
Gross SF
2,500
Guarantor
Corporate Guarantee
Rentable SF
2,500
Price/Gross SF
$974.08
Lease Type
Double Net
Rent Per Square Feet
$48.70

Investment Highlights

  • Starbucks w/ Drive-Thru and Covered Patio Featuring 10% Every 5 Years Throughout the Initial Term and Options. Brand New 2022 High Quality Construction and with a 10 Year Roof Warranty.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $29.06 Billion.
  • Down the Street from Smyth County Community Hospital - a 44-Bed Acute Care Hospital, 109-Bed Nursing Care Facility, and a Variety of Outreach Programs.
  • Positioned Along Area's Traffic & Retail Corridor. Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 15k Vehicles. Near I-81 (29k+ VPD).
  • Pad Site to Walmart and near Numerous other National Retailers Including Tractor Supply, Food Lion, Food City, Walgreens, CVS, Ollie's Bargain Outlet and many more.
  • In Close Proximity to Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Marion is a town in and the county seat of Smyth County, Virginia, United States. Conveniently positioned upon Interstate 81, Marion is easily accessible. Located in the Blue Ridge portion of the Southern Appalachian mountains in Southwest Virginia, the general Marion area is well known for its scenic beauty. The town is named for American Revolutionary War officer Francis Marion.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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