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Details: Retail

Asking Price: $2,417,000

Square Feet: 2,225 SF

Asking Cap Rate: 5.75%

Year Built: 2023

NOI: $138,995

Starbucks

2701 Peters Creek Pkwy Winston-Salem, NC 27127

  • Strong Performing Store – Placer.ai
    • Ranked 712 / 7,339 Nationwide – Top 10%
    • Ranked 27 / 191 in North Carolina – Top 14%
    • Ranked 2 / 12 within 15 Miles – Top 9%
  • No Early Termination Right
  • New Construction
  • Corporately Backed by Starbucks Corporation
  • Investment Grade of BBB+/Baa1
  • Long Term Lease with 7 Years Remaining
  • 8% Rent Bump in 2028
  • 10% Rental Increases in options 2-6
  • Outparcel to Market Dominant Aldi shopping center
  • Starbucks has Six 5-Year Options remaining

 

  • Across The Street from Parkland High School with 1,600+ Students
  • 3 Miles from Downtown Winston-Salem
  • Signalized Hard Corner Intersection
  • Strong Traffic Counts with 36,000 Vehicles Per Day
  • Situated in the Piedmont Triad of North Carolina
  • Dense retail corridor with Aldi, Sherwin Williams, Waffle House, Harbor Freight and Planet Fitness located in the submarket
  • Great Visibility and Access from Peters Creek Pkwy
  • Strong Demographics
    • 1 Mile Population: 7,252
    • 3 Mile Population: 68,220
    • 5 Mile Population: 146,934

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