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Restaurant

Brand New Starbucks w/ Drive-Thru | Virginia | Immediate Access to/from I-95 | Within Retail Center

100 E Cloverleaf Drive, Emporia, VA 23847

Listing Price: $2,441,121

Cap Rate
5.35%
Tenant Name
Starbucks
Years Remaining On Lease
10.3
Gross SF
2,500
Guarantor
Corporate Guarantee
Rentable SF
2,500
Price/Gross SF
$976.45
Lease Type
Double Net
Rent Per Square Feet
$52.24

Investment Overview

Emporia is an independent city in the Commonwealth of Virginia, surrounded by Greensville County. The city is located about 65 miles south of Richmond, about 80 miles west of Norfolk and about 60 miles north of Rocky Mount, North Carolina and has long been a transportation crossroads. Emporia is the southern gateway to Virginia, just 8 miles from the North Carolina line, and is the first municipality on I-95 heading into Virginia. The Emporia Bicycling Club hosts regular group rides, including the annual Great Peanut ride which attracts hundreds of bicyclists who ride to visit a peanut farm and are treated to hearty meals and live entertainment at camp. The Virginia Pork Festival is held each second Wednesday in June. Over 40,000 pounds of pork is served alongside alcoholic beverages, hushpuppies and sweet potato french fries.

Investment Highlights

  • Brand New Construction w/ Drive-Thru - New 10 Year Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. No Early Termination Right.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility w/ Daily Traffic Counts Exceeding 17k Vehicles. Immediate Access to/from Interstate-95 (34k+ VPD).
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #114 on the Fortune 500 List with an Annual Revenue of more than $26.5 Billion.
  • Pad to a Food Lion & Hibbett Sports Retail Center and near Numerous National Retailers including a Walmart Supercenter, CVS Pharmacy, Aaron's and many more.
  • Adjacent to Bon Secours Southern Virginia Medical Center - An 80-Bed Hospital and Medical Center, Serving the Emporia Community and its Neighboring Counties.

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Associate Regional Manager

    (804) 205-5008

    License(s) VA: 0225215181

    Virginia

Restaurant

Brand New Starbucks w/ Drive-Thru | Virginia | Immediate Access to/from I-95 | Within Retail Center

Listing Price: $2,441,121

Cap Rate
5.35%
Tenant Name
Starbucks
Years Remaining On Lease
10.3
Gross SF
2,500
Guarantor
Corporate Guarantee
Rentable SF
2,500
Price/Gross SF
$976.45
Lease Type
Double Net
Rent Per Square Feet
$52.24

Investment Highlights

  • Brand New Construction w/ Drive-Thru - New 10 Year Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. No Early Termination Right.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility w/ Daily Traffic Counts Exceeding 17k Vehicles. Immediate Access to/from Interstate-95 (34k+ VPD).
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #114 on the Fortune 500 List with an Annual Revenue of more than $26.5 Billion.
  • Pad to a Food Lion & Hibbett Sports Retail Center and near Numerous National Retailers including a Walmart Supercenter, CVS Pharmacy, Aaron's and many more.
  • Adjacent to Bon Secours Southern Virginia Medical Center - An 80-Bed Hospital and Medical Center, Serving the Emporia Community and its Neighboring Counties.

Investment Overview

Emporia is an independent city in the Commonwealth of Virginia, surrounded by Greensville County. The city is located about 65 miles south of Richmond, about 80 miles west of Norfolk and about 60 miles north of Rocky Mount, North Carolina and has long been a transportation crossroads. Emporia is the southern gateway to Virginia, just 8 miles from the North Carolina line, and is the first municipality on I-95 heading into Virginia. The Emporia Bicycling Club hosts regular group rides, including the annual Great Peanut ride which attracts hundreds of bicyclists who ride to visit a peanut farm and are treated to hearty meals and live entertainment at camp. The Virginia Pork Festival is held each second Wednesday in June. Over 40,000 pounds of pork is served alongside alcoholic beverages, hushpuppies and sweet potato french fries.

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Associate Regional Manager

    (804) 205-5008

    License(s): VA: 0225215181

    Virginia

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