For Sale
$2,500,000
2487 Sugar Hill RdMarion, NC 28752
High-yield Starbucks in prime NC location.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 125
Highlights
- $2,500,000 asking price for a Starbucks net-leased property.
- New construction (2024) with a fresh 10-year lease (expiring 09/30/2034) offering a 6.00% cap rate and $150,000 NOI.
- Corporate lease with Starbucks Corporation, an investment-grade tenant (Baa2/BBB+).
- High visibility location on Sugar Hill Rd (17,000 vehicles per day) and proximity to I-40 (32,000 VPD).
- Strong local demographics, including proximity to major employers, schools, and a hospital.
- Located near other national retailers and Lake James State Park.
Property Details for 2487 Sugar Hill Rd
- Property type
- Retail properties
- Year Built
- 2024
- Buildings
- 1
- Lot Size (sq. ft)
- 35,284 SF
Location Insight
- City
- Marion
- County
- McDowell
- State
- North Carolina
- Latitude
- 35.652715
- Longitude
- -82.0306103
2487 Sugar Hill Rd, Marion, North Carolina
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FAQs
- What type of property is this?
- Retail property - High-yield Starbucks in prime NC location.
- Where is the retail property located?
- The property is located at 2487 Sugar Hill Rd Marion, NC.
- What is the asking price?
- The asking price for this property is $2,500,000.
- What are key features of this property?
- This property features: $2,500,000 asking price for a Starbucks net-leased property.; New construction (2024) with a fresh 10-year lease (expiring 09/30/2034) offering a 6.00% cap rate and $150,000 NOI.; Corporate lease with Starbucks Corporation, an investment-grade tenant (Baa2/BBB+).
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