Property Highlights
Atlantic Capital Partners has been engaged to offer a free-standing Starbucks in Reidsville, NC. This Starbucks is corporately guaranteed and features a long term 10 year lease. This Starbucks will be the only Starbucks in Reidsville and the only Starbucks within 20 miles of another location. The busy retail corridor the property lies in will help drive significant patron volume to the property.
- 10 Year Lease with 10% Rent Increases in Each Option – Rent increases | NN lease with no early termination clause | Rent increases during each option period
- Only Starbucks location within 20 miles & First in Reidsville – This property will be the first standalone Starbucks in Reidsville and the only Starbucks within 20 miles of another location
- Located in High Traffic Retail Corridor – The property is surrounded by popular tenants including Walmart Supercenter (1.7M visitors/yr), Food Lion (450k visitors/yr), Lowes Home Improvement (720k visitors/yr), and many more
- Corporate Guaranty from Investment Grade Tenant – Starbucks has a Market Cap of $99B (NASDAQ: SBUX) with over 33,000 locations across the country| S&P rating of BBB+
- Greensboro MSA – The subject property is located 25 miles North of downtown Greensboro and is part of the Greensboro MSA. Greensboro is the third largest city in North Carolina (291,303 population)
- Drive Through Location – The property features a drive-through, which studies have shown can increase restaurant sales by as much as 8%
- New Construction – Brand new construction should limit a new owner’s exposure to capital repairs during the hold period
- Excellent Exposure Along Main Thoroughfare – Located on Freeway Dr (US 29) (7,600 VPD) | State Hwy 14 (17,500 VPD)
- Popular Starbucks State – North Carolina has over 400 Starbucks, putting it in the top 10 of states with the most Starbucks locations