Commercial Real Estate in Greensboro available for sale
Greensboro Drive Through Restaurants For Sale

Drive Through Restaurants for Sale in Greensboro, NC, USA

More details for 505 Pisgah Church Rd, Greensboro, NC - Retail for Sale

STNL Starbucks, 20+ Years of Occupancy - 505 Pisgah Church Rd

Greensboro, NC 27455

  • Drive Through Restaurant
  • Retail for Sale
  • $3,025,799 CAD
  • 1,776 SF

Greensboro Retail for Sale - NE Guilford County

Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell Inc., as exclusive advisors to Seller, are pleased to present the opportunity to acquire a fee simple interest in a drive-thru Starbucks located along a top performing retail corridor of Greensboro, a historic manufacturing hub within the expanding Piedmont Triad MSA. The property is secured by a corporate net lease from Starbucks Corporation (S&P: BBB+), the world’s largest coffeehouse chain and one of the most recognizable consumer brands globally. Starbucks has operated at this high traffic, drive-thru location since 2005 and has exercised two 5-year renewal options following the expiration of its original 10-year lease. With three remaining 5-year renewal options - featuring rent increases, 8% in the first option and 10% in the second and third – the asset offers investors stable, long-term income growth backed by national credit tenancy. The freestanding building, featuring a strong parking ratio of ~12:1,000 SF, is positioned within a dominant retail corridor at one of Greensboro’s busiest intersections, located just off the I-840 interchange (43,000 VPD). The corridor is anchored by the mixed-use lifestyle center Village at North Elm, a top 18% neighborhood center in North Carolina (105 of 609) that draws approximately 2.4 million annual visitors according to Placer.ai. Additionally, the corridor features several national tenants including McDonald’s, Chase Bank, Chick-fil-A, as well a top 8% statewide Dollar Tree (26 of 327) and top 15% statewide Walgreens (45 of 295). Supporting the excellent mix of retail tenants, the corporate net lease Starbucks is surrounded by more than 1,700 units of recently constructed and planned residential development, signifying the area’s economic expansion and long-term investment reliability. Notable projects include the recently renovated Village 1373 (332 Units), the Encore North (237 Units), and the 340-Unit Brooks North Apartment project. Surrounded by strong retail demand drivers and expanding residential density, this drive-thru Starbucks is well positioned to continue thriving within this high traffic retail node. While the Piedmont Triad has historically served as a major manufacturing hub for textiles and furniture, the region has evolved into a diversified growth corridor with expanding industries across aerospace & defense, aviation, logistics, and biotechnology. This transformation is underscored by significant institutional investment, including a $14 billion battery plant by Toyota Motor Corporation and a $4.7 billion manufacturing facility by JetZero. Together, these projects are expected to generate more than 19,500 new jobs. Supported by accelerating economic growth, this offering presents the rare opportunity to acquire an investment-grade net lease asset at an attractive $2 million basis in a diversified growing corridor.

Contact:

Pegasus Investments

Property Subtype:

Freestanding

Date on Market:

2026-05-04

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Drive Through Restaurants for Sale within 50 kilometers of Greensboro, NC, USA

More details for 4960 Oldway Rd, Browns Summit, NC - Office for Sale

4960 Oldway Rd

Browns Summit, NC 27214

  • Drive Through Restaurant
  • Office for Sale
  • $2,124,739 CAD
  • 5,215 SF
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More details for 2885 Reynolda Rd, Winston-Salem, NC - Retail for Sale

Verizon Wireless | Winston-Salem, NC - 2885 Reynolda Rd

Winston-Salem, NC 27106

  • Drive Through Restaurant
  • Retail for Sale
  • $2,475,783 CAD
  • 3,102 SF
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More details for 538 Akron Dr, Winston-Salem, NC - Retail for Sale

Wendy's - 538 Akron Dr

Winston-Salem, NC 27105

  • Drive Through Restaurant
  • Retail for Sale
  • $2,546,844 CAD
  • 2,854 SF
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More details for 801 Mebane Oaks Rd, Mebane, NC - Retail for Sale

Walgreens - 801 Mebane Oaks Rd

Mebane, NC 27302

  • Drive Through Restaurant
  • Retail for Sale
  • $7,148,787 CAD
  • 13,650 SF
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More details for 1712 S Stratford Rd, Winston-Salem, NC - Retail for Sale

Walgreens - 1712 S Stratford Rd

Winston-Salem, NC 27103

  • Drive Through Restaurant
  • Retail for Sale
  • $8,425,051 CAD
  • 14,736 SF
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Drive Through Restaurants For Sale

Drive Through Restaurants

A drive-thru restaurant is a type of fast food establishment that provides customers with the ability to order and receive their meal while still in their car. This type of restaurant has been on the rise in recent years with an increase in demand for quick, mobile-friendly food options.

The majority of drive through restaurants are located on or near busy streets, making them easy for drivers to access. This accessibility can be attractive to investors as it will increase potential revenues by attracting more customers without extensive advertising costs.

Why should you buy a restaurant with a drive through as an investor?

There are many reasons to invest in a drive through restaurant. These restaurants can be profitable if they're modeled correctly and managed well. You need to consider several things when investing in a drive-through restaurant, such as location and demographics, before deciding whether or not it's right for you

The first thing that needs consideration is where your potential business should be located. A major factor here is population density - what does the neighborhood look like? Is there plenty of foot traffic on any given day? If so, this would mean more customers for the restaurant! You also want to make sure there are no competing businesses nearby that may lure away your customer base; try looking at some other areas of town with less competition and underserved population.

What are the costs of buying a drive through restaurant?

The costs to consider include the cost of the building, renovations or repairs and upgrades needed in order to do business. There may be additional fees such as franchise fees, permits, licensing. Talk to your broker about additional costs.

The cost for a commercial property itself will vary depending on the size and location; a building might cost more than one near a busy highway interchange with high traffic volume. The price per square foot also varies significantly by location.

How to make your purchase profitable and sustainable in the long run.

Purchasing a profitable drive-through restaurant requires careful research and consideration of what is needed in the area.

You will need to consider the most profitable drive-through locations, deciding if you want a single site or plan on multiple sites.

Consideration should be given to both established restaurants with traffic volumes that meet your needs as well as those which are under-performing but have potential for time and money investment to increase revenues.

Is it worth it for you to buy a drive thru restaurant now?

Right now is a a great time to invest in a drive through restaurant.

As of 2021, Interest rates are low and there is less competition for properties, which means you can get the property for less money than if you buy it later on down the road when prices and interest rates may increase. Additionally, now would be a good time to buy because people need convenient and safe food options during tough economic times.

Looking to lease a Drive Through Restaurant? View Drive Through Restaurants for lease