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14147 Upward Crossing DrFlat Rock, NC 28731
Starbucks | Asheville, NC MSA | 6.00% Cap
Asset ClassRetail
Cap Rate6%
Starbucks | Ashville, NC | 6.0% Cap
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a Starbucks in Hendersonville, NC. The Premises is leased to Starbucks for a 10 year initial term, with 5% rent increases every 5 years with six (6) - five (5) year options. The Asset is well positioned at a signalized intersection that is directly off of interstate 26, the main commuter interstate between the Asheville MSA and the Greenville MSA.

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Investment Highlights

Corporate Guarantee from Credit Worthy Tenant

  • Starbucks has an S&P rating of BBB+
  • Over 35,000 locations worldwide
  • $30.3B in 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

  • Positioned on the morning side of I-26 (59K VPD) exit to Hendersonville
  • Located in front of a Holiday Inn Express (85 key hotel) and a planned Tru by Hilton (90 key hotel)
  • Direct access to The Summit at Hendersonville, a 50 unit apartment complex

Nearby Industrial Employers

  • Less than 0.5 miles to Blue Ridge Commerce Center - a 648K SF Class A industrial park
  • Less than half mile to Parts Unlimited 229K SF distribution facility
  • Approximately 0.6 miles to Jabil Healthcare’s 160K SF distribution facility
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14147 Upward Crossing DrFlat Rock, NC 28731
Blue Ridge Commerce Center - 648K SF Class A Industrial Park

Sales Team

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Listing provided by Revere CRE