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Details: Retail

Asking Price: $2,598,000

Square Feet: 2,225 SF

Asking Cap Rate: 5.35%

Year Built: 2023

NOI: $138,995

Starbucks – Winston-Salem, NC

2701 Peters Creek Parkway, Winston-Salem, NC

THE ASSET
• 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 9 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

 

THE FUNDAMENTALS
• 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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