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Restaurant

Starbucks w/ Drive Thru | Virginia | Brand New 2023 Construction | Near Shopping Center

1011 Piney Forest Rd, Danville (Southside Virginia), VA 24540

Listing Price: $2,424,841

Cap Rate
5.35%
Tenant Name
Starbucks
Years Remaining On Lease
10.2
Gross SF
2,517
Guarantor
Corporate Guarantee
Rentable SF
2,517
Price/Gross SF
$963.39
Lease Type
Double Net
Rent Per Square Feet
$51.54

Investment Overview

Danville is an independent city in the Commonwealth of Virginia, located in the Southside Virginia region and on the fall line of the Dan River. Today Danville is the principal city of the Danville, Virginia Micropolitan Statistical Area. As of the 2020 census, the population was 42,590. It is bounded by Pittsylvania County, Virginia and Caswell County, North Carolina to the south.

Investment Highlights

  • Starbucks w/ Drive-Thru Featuring 10% Every 5 Years Throughout the Initial Term and Options. Brand New High Quality Construction w/ 10 Year Roof Warranty.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access & Excellent Visibility w/ Daily Traffic Counts Exceeding 25k Vehicles.
  • 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.
  • In Close Proximity to Numerous National Retailers including Target, The Home Depot, Walmart Supercenter, Lowe's, Hobby Lobby, Marshalls, Tractor Supply, PetSmart and many more.
  • A Short Drive from Danville Mall - A 730k+ Sq. Ft. Shopping Center Anchored by Belk, Dunham's Sport and features more than 50 Retail Stores and Restaurants.

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 | Brand New 2023 Construction | Near Shopping Center

Listing Price: $2,424,841

Cap Rate
5.35%
Tenant Name
Starbucks
Years Remaining On Lease
10.2
Gross SF
2,517
Guarantor
Corporate Guarantee
Rentable SF
2,517
Price/Gross SF
$963.39
Lease Type
Double Net
Rent Per Square Feet
$51.54

Investment Highlights

  • Starbucks w/ Drive-Thru Featuring 10% Every 5 Years Throughout the Initial Term and Options. Brand New High Quality Construction w/ 10 Year Roof Warranty.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access & Excellent Visibility w/ Daily Traffic Counts Exceeding 25k Vehicles.
  • 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.
  • In Close Proximity to Numerous National Retailers including Target, The Home Depot, Walmart Supercenter, Lowe's, Hobby Lobby, Marshalls, Tractor Supply, PetSmart and many more.
  • A Short Drive from Danville Mall - A 730k+ Sq. Ft. Shopping Center Anchored by Belk, Dunham's Sport and features more than 50 Retail Stores and Restaurants.

Investment Overview

Danville is an independent city in the Commonwealth of Virginia, located in the Southside Virginia region and on the fall line of the Dan River. Today Danville is the principal city of the Danville, Virginia Micropolitan Statistical Area. As of the 2020 census, the population was 42,590. It is bounded by Pittsylvania County, Virginia and Caswell County, North Carolina to the south.

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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