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Executive Summary

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

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,225 SF
Building Class
C
Year Built
2023
Price
$3,346,387 CAD
Price Per SF
$1,503.99 CAD
Cap Rate
5.65%
NOI
$189,071 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.11 AC
Zoning
HB-S - Commercial
Parking
35 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
231’ on Peters Creek Pky

Amenities

  • Bus Line
  • Corner Lot
  • Dedicated Turn Lane
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Jan 0000

Starbucks is a publicly traded coffeehouse and beverage company focused on the sourcing, roasting, and retailing of coffee and related products. Founded in 1971 in Seattle, Washington, the company began as a retailer of whole bean coffee and coffee equipment before evolving into a café-based model in the late 1980s. Starbucks operates company-owned and licensed locations across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region, supported by regional offices and corporate functions. The company’s operations include retail stores, roasting facilities, and supply chain infrastructure that supports both in-store and packaged goods channels. Starbucks has expanded its portfolio over time to include tea-based beverages, food offerings, and ready-to-drink products distributed through grocery and foodservice partners. The company has also developed premium concepts, including Starbucks Reserve, which emphasizes small-batch coffee and experiential retail formats. Starbucks is listed on the Nasdaq under the ticker symbol SBUX. Its corporate headquarters, known as the Starbucks Center, is located in Seattle and houses executive leadership, global operations, and administrative functions.

Tenant Industry SF Occupied Rent/SF Lease End
Accommodation and Food Services 99,999 SF - Jan 0000

Nearby Major Retailers

Planet Fitness
Truist
Cook Out
Waffle House
Storage Sense
Zaxby's
First Horizon Bank
Toyota
Food Lion
Compare Foods

Property Taxes

Property Taxes

Parcel Number
6824-81-1227
Land Assessment
$5,033 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,033 CAD
  • Listing ID: 33270733

  • Date on Market: 2024-09-23

  • Last Updated:

  • Address: 2701 Peters Creek Pky, Winston-Salem, NC 27127

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