Property Highlights
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Starbucks | Tarboro, 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 US 64, the main commuter route from Raleigh to the Outer Banks and on a Walmart Supercenter outparcel which leads to a built-in customer base.
- 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
- Outparcel to Walmart Supercenter and Lowe’s Home Improvement | Direct access to Hwy 64, primary thoroughfare between Raleigh and the Outer banks (22.5K VPD)
- Nearby Market Drivers
- 1.5 Miles to Tyson Foods 365K SF Warehouse (700 Employees) | 2.7 miles to Edgecombe Community College (1,459 students) | 3.6 Miles to ECU Health Edgecombe Hospital (117 beds)