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Starbucks | New15.5yr Corp NN w/ Annual Incrs 2405 S Church St 2,500 SF 4-Star Retail Building Burlington, NC 27215 $5,699,542 CAD ($2,279.82 CAD/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

New 15.5+ Year Lease | Options To Extend | 2025 Construction | 1.5% Annual Rental Increases | Credit Tenant (NASDAQ: SBUX | S&P:BBB+)
Proximity To Key Community Anchors
Direct Residential Consumer Base | Strong Demographics In 5-Mile Trade Area

Dense Retail Corridor | Proximity To Holly Hill Mall (2.1M Annual Visitors)
Fronting S Church Street (27,500 VPD) | Excellent Visibility & Access

EXECUTIVE SUMMARY

SRS Real Estate Partners is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a newly constructed, NN-leased Starbucks property located in Burlington, North Carolina. Starbucks Corporation (NASDAQ: SBUX | S&P: BBB+), one of the world’s largest coffee brands with over 40,200 locations, recently executed a new 15.5-year lease with six (6) five-year renewal options. Since the lease commencement falls between September 1 and January 31, the first Lease Year extends through February 28, with all future years beginning March 1st, extending the lease beyond 15.5 years The lease features 1.5% annual rental increases throughout the primary term and options, except in years 10–15 where no increases occur, providing consistent NOI growth and a built-in hedge against inflation. Newly constructed in 2025 with high-quality finishes reduces future capital expenditures and enhances long-term value. The store officially opened in September 2025.

Burlington NC - Starbucks

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,500 SF

Building Class

LoopNet Rating

4 Star

Year Built

2025

Price

$5,699,542 CAD

Price Per SF

$2,279.82 CAD

Cap Rate

NOI

$342,000 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.03

Lot Size

1.80 AC

Zoning

GB - General Business

Parking

61 Spaces (24.4 Spaces per 1,000 SF Leased)

Corner Lot
Dedicated Turn Lane

Pylon Sign
Restaurant

Signage
Signalized Intersection

Drive Thru

Accommodation and Food Services
99,999 SF
$9.99
Lorem Ipsum
Jan 0000

Starbucks is a multinational coffeehouse chain founded in 1971 in Seattle, Washington. Initially a retailer of coffee beans and equipment, the company expanded under Howard Schultz’s leadership in the late 1980s to become a global coffeehouse brand. Starbucks operates thousands of stores worldwide, including over 3,000 in California, offering coffee, tea, and food products alongside branded merchandise. The company emphasizes ethical sourcing and sustainability in its operations. Starbucks is publicly traded on NASDAQ under the ticker symbol SBUX and reported employing approximately 381,000 people globally in 2025. Its growth strategy includes licensed stores, digital ordering platforms, and specialty formats such as Starbucks Reserve® Roasteries.