For Sale
$2,250,000

14147 Upward Xing DrFlat Rock, NC 28731

High-return Starbucks NNN lease in NC

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,600 square foot Starbucks located at 14147 Upward Crossing Dr, Flat Rock, NC 28731. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $134,989. Built in 2023, this Class A retail space sits on a 0.86-acre lot and benefits from a corporate-guaranteed, 10.1-year lease with a creditworthy tenant (Starbucks). The lease includes 5% rent bumps every 5 years and six additional five-year renewal options, ensuring long-term income stability. Strategically positioned directly off Interstate 26, this high-traffic location enjoys excellent visibility and accessibility. The property is surrounded by major employers, including a significant industrial park and several hotels, further enhancing its investment appeal. The asking price is $2,250,000. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a proven tenant and significant growth potential. The property's prime location, coupled with the strength of the Starbucks brand and the favorable lease terms, makes this an attractive investment for discerning buyers. The property is 100% occupied and offers minimal landlord responsibilities.

Property Details for 14147 Upward Xing Dr

Property type
Retail properties, Retail space
Square Feet
2,600 SF
Class
A
Year Built
2023
Lot Size (sq. ft)
37,462 SF

Location Insight

City
Flat Rock
County
Henderson
State
North Carolina
Latitude
35.29792177
Longitude
-82.40998461
14147 Upward Xing Dr, Flat Rock, North Carolina

FAQs

What type of property is this?
Retail property - High-return Starbucks NNN lease in NC
Where is the retail property located?
The property is located at 14147 Upward Xing Dr Flat Rock, NC.
What is the asking price?
The asking price for this property is $2,250,000.
How can I contact the broker?
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14147 Upward Xing Dr
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