7439 Richlands HwyRichlands, NC 28574

This exceptional investment opportunity presents a fee-simple interest in a newly constructed, 2,500 square foot Starbucks located at 7439 Richlands Hwy, Richlands, NC 28574. The property boasts a brand new 10-year lease with six 5-year renewal options, featuring 10% rent increases every five years, ensuring strong, inflation-protected returns. The corporate-guaranteed lease (Starbucks Corporation, NASDAQ: SBUX) is a triple-net (NNN) lease, minimizing landlord responsibilities. Situated on a 1.27-acre lot with 32 parking spaces, this drive-thru equipped location benefits from high visibility on Richlands Highway, a major thoroughfare with an average daily traffic count of 26,000 vehicles. The property is strategically positioned near other national retailers, including Walmart, Food Lion, and Tractor Supply Co., and is supported by a robust trade area with over 20,900 residents and 2,400 daytime employees within a 5-mile radius. The property's strong demographics, coupled with the long-term lease and built-in rent escalations, make this a compelling investment opportunity with a 6.00% cap rate and a $172,000 annual net operating income (NOI). The property is zoned C-2 and was built in 2024. The lease commences November 1, 2024, and expires November 1, 2034. The asking price is $2,867,000, representing a price per square foot of $1,146.80.