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2555 Maple AveBurlington, NC 27215
Starbucks | Burlington, NC | 5.65% Cap
Asset ClassRetail
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Starbucks | Burlington, NC. The Premises is leased to Starbucks for a 10 year initial term, with six (6) - five (5) year options. The Asset is well positioned directly off of interstate 40 and 85, considered one of the busiest trucking routes in the country.

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Investment Highlights

Cap Rate
5.65%

CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT

  • Starbucks has a S&P credit rating of BBB+ | Over 35,000 locations worldwide | $30.3B Total Revenue

ATTRACTIVE LEASE FUNDAMENTALS

  • Corporate Guarantee from Credit Rated Tenant | 10% rental increases every 5 years including options | Six (6) - five (5) year options | Minimal LL responsibilities

NEW CONSTRUCTION

  • New build-to-suit Starbucks | Warranties will be assigned to the new owner

STRATEGIC LOCATION

  • First building off of I-40/I-85 (over 126K VPD) | Cross Access with a 7-Eleven on a lighted intersection | Located in between the Triad MSA (784K people) and Raleigh MSA (2.19M)

ADJACENT TO MAJOR LOGISTICS AND COMMUTER INTERSTATE

  • This 30 mile stretch of interstate is the only time that I-85 and I-40 merge into a single route | Interstate 40/85 has over 127K vehicles per day | Both interstates are considered some of the busiest trucking routes in the nation

NEARBY INDUSTRIAL EMPLOYERS

  • Over 3.7MSF of industrial space located in a 1-mile radius | Alamance Food’s 500K SF distribution center is less than 0.5 miles away | ~1-mile from Kayer’s Roth 285K SF manufacturing facility
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2555 Maple AveBurlington, NC 27215

Sales Team

Mike Lucier Executive Vice President980.337.4469mlucier@atlanticretail.com
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Listing provided by Revere CRE