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6021 Hickory Grove Rd
Charlotte, NC 28215
Starbucks · Retail Property For Sale
Investment Highlights
- New 15.5 Year Lease | Options To Extend | 2026 Construction | Rental Increases | Credit Tenant (NASDAQ: SBUX | S&P: BBB+)
- Dense Retail Node | Strong Tenant Synergy
- Direct Residential Consumer Base | Residential Developments | Strong Demographics In 5-Mile Trade Area
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Signalized, Hard Corner Intersection | Drive-Thru Equipped |Excellent Visibility & Access
- Charlotte MSA | Premier Southeast Market
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a newly constructed Starbucks investment property located in Charlotte, North Carolina. The tenant, Starbucks Corporation (NASDAQ: SBUX | S&P: BBB+), recently signed a new 15.5-year lease with six (6) five-year renewal options, reflecting a long-term commitment to the site. The lease features 1.5% annual rental increases throughout the primary term and option periods; however, rent remains unchanged from the beginning of Lease Year 10 through the end of Lease Year 14, before increasing for the final six months of the primary term and continuing with 1.5% annual rental increases throughout the option periods. Newly constructed in 2026 with high-quality finishes and modern fixtures, the property is expected to require minimal future capital investment. The lease is structured as NN, with the tenant reimbursing for taxes, insurance, and common area expenses, making it an attractive low-management opportunity for passive investors.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,500 SF
Building Class
C
Year Built
2026
Construction Status
Under Construction
Price
$5,353,606 CAD
Price Per SF
$2,141.44 CAD
Cap Rate
5.85%
NOI
$313,175 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.17 AC
Zoning
CG - General Commercial
Parking
30 Spaces (12 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 099-311-14 | Improvements Assessment | $291,733 CAD |
| Land Assessment | $1,134,062 CAD | Total Assessment | $1,425,794 CAD |
Property Taxes
Parcel Number
099-311-14
Land Assessment
$1,134,062 CAD
Improvements Assessment
$291,733 CAD
Total Assessment
$1,425,794 CAD
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