Burlington, NC - Starbucks

Description:

SRS Real Estate Partners is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a newly constructed, NN-leased Starbucks property located in Burlington, North Carolina. Starbucks Corporation (NASDAQ: SBUX | S&P: BBB+), one of the world’s largest coffee brands with over 40,200 locations, recently executed a new 15.5-year lease with six (6) five-year renewal options. If lease commencement falls between September 1 and January 31, the first Lease Year extends through February 28, with all future years beginning March 1st, potentially extending the lease beyond 15.5 years The lease features 1.5% annual rental increases, providing consistent NOI growth and a hedge against inflation. Newly constructed in 2025 with high-quality finishes reduces future capital expenditures and enhances long-term value.

The property benefits from excellent visibility along S. Church Street (27,500 VPD), just steps from a signalized hard-corner intersection and minutes from Interstate access. It is situated within a dense retail corridor with national co-tenants including CVS, Wendy’s, Advance Auto Parts, and Shell, as well as Harris Teeter–anchored New Market Square. Holly Hill Mall, attracting 2.1M+ annual visitors, further drives consumer traffic. Key community anchors nearby include Walter M. Williams High School, Cone Health Alamance Regional Medical Center (238 beds), and Elon University (7,100+ students, faculty, and staff). The 5-mile trade area is home to more than 106,100 residents and 49,500 employees with average household incomes exceeding $84,000, supported by Alamance County’s 21.7% population growth since 2010 and Burlington’s 7.4% growth since 2020. Centrally positioned in North Carolina’s Piedmont Triad, Burlington benefits from both local expansion and spillover from the rapidly growing Research Triangle.