Charlotte, NC - Starbucks

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a newly constructed Starbucks investment property located in Charlotte, North Carolina. The tenant, Starbucks Corporation (NASDAQ: SBUX | S&P: BBB+), recently signed a new 15.5-year lease with six (6) five-year renewal options, reflecting a long-term commitment to the site. The lease features 1.5% annual rental increases throughout the primary term and option periods; however, rent remains unchanged from the beginning of Lease Year 10 through the end of Lease Year 14, before increasing for the final six months of the primary term and continuing with 1.5% annual rental increases throughout the option periods. Newly constructed in 2026 with high-quality finishes and modern fixtures, the property is expected to require minimal future capital investment. The lease is structured as NN, with the tenant reimbursing for taxes, insurance, and common area expenses, making it an attractive low-management opportunity for passive investors.

The property is strategically positioned at the signalized, hard corner intersection of Hickory Grove Road (22,000 VPD) and E W.T. Harris Boulevard (32,000 VPD), providing excellent visibility and three points of ingress/egress. The building is equipped with a drive-thru, supporting customer convenience and operational efficiency. Situated in a dense retail corridor, the asset is adjacent to a Food Lion and Family Dollar–anchored center and surrounded by national tenants including Circle K and UPS, promoting strong cross-shopping activity. Located within the Charlotte MSA, one of the Southeast’s fastest-growing metros, this asset benefits from strong population and employment growth. The five-mile trade area is home to over 251,600 residents and 58,800 employees with average household incomes of $98,728, reinforcing long-term consumer demand and market stability.

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Listing ID: a28TP0000034jT3YAI