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Restaurant

Starbucks

5980 University Pkwy, Winston-Salem, NC 27105

Listing Price: $2,199,026

Cap Rate
5.75%
Tenant Name
Starbucks
Years Remaining On Lease
3.1
Guarantor
Corporate Guarantee
Rentable SF
3,250
Lease Type
Double Net
Rent Per Square Feet
$38.91

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Starbucks located at 5980 University Parkway in Winston Salem, North Carolina. The site consists of roughly 3,250 rentable square feet on a 0.74 acre parcel adjacent to a newly built Biscuitville, Panda Express, and McDonald’s. This Starbucks is subject to a 10-year original lease and is currently in its second option period with 2, 5-year options remaining. The location is equipped with a drive-thru and outdoor seating. The subject property is well located along University Parkway and has direct frontage to roughly 32,000 vehicles per day, with E Hanes Mill Rd and Route 52 drawing another approximately 68,000 vehicles daily to the immediate area. The site is ideally located in the area’s main retail corridor and is minutes away from Wake Forest University.

Investment Highlights

  • Long Term Commitment to Location | 15+ Years Occupancy
  • Tenant is Currently in Their Second Option Period
  • Starbucks Corporate Guarantee | Investment Grade Credit

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Listing Price: $2,199,026

Cap Rate
5.75%
Tenant Name
Starbucks
Years Remaining On Lease
3.1
Guarantor
Corporate Guarantee
Rentable SF
3,250
Lease Type
Double Net
Rent Per Square Feet
$38.91

Investment Highlights

  • Long Term Commitment to Location | 15+ Years Occupancy
  • Tenant is Currently in Their Second Option Period
  • Starbucks Corporate Guarantee | Investment Grade Credit

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Starbucks located at 5980 University Parkway in Winston Salem, North Carolina. The site consists of roughly 3,250 rentable square feet on a 0.74 acre parcel adjacent to a newly built Biscuitville, Panda Express, and McDonald’s. This Starbucks is subject to a 10-year original lease and is currently in its second option period with 2, 5-year options remaining. The location is equipped with a drive-thru and outdoor seating. The subject property is well located along University Parkway and has direct frontage to roughly 32,000 vehicles per day, with E Hanes Mill Rd and Route 52 drawing another approximately 68,000 vehicles daily to the immediate area. The site is ideally located in the area’s main retail corridor and is minutes away from Wake Forest University.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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