Property Highlights
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Starbucks | Burlington, NC. The Premises is leased to Starbucks for a 10 year initial term, with six (6) – five (5) year options. The Asset is well positioned directly off of interstate 40 and 85, considered one of the busiest trucking routes in the country.
- Corporate Guarantee from Credit Worthy Tenant
- Starbucks has a S&P credit rating of BBB+ | Over 35,000 locations worldwide | $30.3B Total Revenue
- Attractive Lease Fundamentals
- Corporate Guarantee from Credit Rated Tenant | 10% rental increases every 5 years including options | Six (6) – five (5) year options | Minimal LL responsibilities
- New Construction
- New build-to-suit Starbucks | Warranties will be assigned to the new owner
- Strategic Location
- First building off of I-40/I-85 (over 126K VPD) | Cross Access with a 7-Eleven on a lighted intersection | Located in between the Triad MSA (784K people) and Raleigh MSA (2.19M)
- Adjacent to Major Logistics and Commuter Interstate
- This 30 mile stretch of interstate is the only time that I-85 and I-40 merge into a single route | Interstate 40/85 has over 127K vehicles per day | Both interstates are considered some of the busiest trucking routes in the nation
- Nearby Industrial Employers
- Over 3.7MSF of industrial space located in a 1-mile radius | Alamance Food’s 500K SF distribution center is less than 0.5 miles away | ~1-mile from Kayer’s Roth 285K SF manufacturing facility