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Restaurant

Starbucks

591 Old Franklin Turnpike, Rocky Mount, VA 24151

Listing Price: $3,280,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Double Net
Rent Per Square Feet
$65.60

Investment Overview

• New 2022 Construction with Drive Thru • 10-Year Corporate Lease | 10% Increases with Six Options to Renew • No Early Termination “Kick-Out” Clause • Starbucks Corporation has 34,000+ Global Locations and Growing • Investment Grade Credit Tenant | S&P BBB+ • Across from Very Active Walmart Supercenter and Lowe’s Home Improvement • Features Covered Patio Area • Next to Newly Built O’Reilly Auto Parts • Limited Competition | Only Starbucks within 30-Minute Radius • Dense Retail Corridor Serving Large Trade Area of Rocky Mount, Smith Mountain Lake, Martinsville, and Ferrum • Town of Rocky Mount Located Along the Scenic Appalachian Region • Minutes from Carilion Franklin Memorial Hospital • Traffic Counts of Nearly 19,000 VPD Along Old Franklin Turnpike • Proximity to Franklin County Elementary, Middle and High Schools • Nearby Retailers Include: Walmart, Lowes, Wendy’s, Taco Bell, McDonald’s, Dairy Queen, Walgreens, CVS, Holiday Inn, Harbor Freight, and Kroger’s

Investment Highlights

  • Across from Walmart Supercenter and Lowe's Home Improvement
  • Limited Competition | Only Starbucks within 30-Minute Radius
  • Brand New Construction Scheduled for Rent Commencement in First Quarter 2023

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Listing Price: $3,280,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Double Net
Rent Per Square Feet
$65.60

Investment Highlights

  • Across from Walmart Supercenter and Lowe's Home Improvement
  • Limited Competition | Only Starbucks within 30-Minute Radius
  • Brand New Construction Scheduled for Rent Commencement in First Quarter 2023

Investment Overview

• New 2022 Construction with Drive Thru • 10-Year Corporate Lease | 10% Increases with Six Options to Renew • No Early Termination “Kick-Out” Clause • Starbucks Corporation has 34,000+ Global Locations and Growing • Investment Grade Credit Tenant | S&P BBB+ • Across from Very Active Walmart Supercenter and Lowe’s Home Improvement • Features Covered Patio Area • Next to Newly Built O’Reilly Auto Parts • Limited Competition | Only Starbucks within 30-Minute Radius • Dense Retail Corridor Serving Large Trade Area of Rocky Mount, Smith Mountain Lake, Martinsville, and Ferrum • Town of Rocky Mount Located Along the Scenic Appalachian Region • Minutes from Carilion Franklin Memorial Hospital • Traffic Counts of Nearly 19,000 VPD Along Old Franklin Turnpike • Proximity to Franklin County Elementary, Middle and High Schools • Nearby Retailers Include: Walmart, Lowes, Wendy’s, Taco Bell, McDonald’s, Dairy Queen, Walgreens, CVS, Holiday Inn, Harbor Freight, and Kroger’s

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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