14147 Upward Crossing DrFlat Rock, NC 28731
Starbucks | Asheville, NC MSA | 5.70% Cap
Starbucks | Ashville, NC | 5.70% Cap
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.
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
Photo Gallery
14147 Upward Crossing DrFlat Rock, NC 28731
Blue Ridge Commerce Center - 648K SF Class A Industrial Park
Sales Team
Atlantic Capital Partners - Charlotte
Listing provided by Revere CRE