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Starbucks 14147 Upward Crossing Dr 2,600 SF Retail Building Flat Rock, NC 28731 $3,127,477 CAD ($1,202.88 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Attractive Lease Fundamentals
- Nearby Major Industrial Employers
- Strategic Location - Directly off I-26
EXECUTIVE SUMMARY
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
- 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
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,600 SF
Year Built
2023
Price
$3,127,477 CAD
Price Per SF
$1,202.88 CAD
Cap Rate
6%
NOI
$187,633 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.86 AC
Opportunity Zone
Yes
Zoning
1016837~PC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1016837 | Improvements Assessment | $689,342 CAD |
| Land Assessment | $837,575 CAD | Total Assessment | $1,526,917 CAD |
PROPERTY TAXES
Parcel Number
1016837
Land Assessment
$837,575 CAD
Improvements Assessment
$689,342 CAD
Total Assessment
$1,526,917 CAD
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Starbucks | 14147 Upward Crossing Dr
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