424 Us Highway 70, Havelock, NC 28532
2,480 SF | Retail Building | Havelock, NC 28532 | $2,008,000 ($810/SF) | 6.10% Cap Rate
For Sale
Active
Asking Price $2,008,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,480 SF
- Price / Square Foot
- $810
Listing Contacts
Britt Raymond
Kyle Fant
Property Overview
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, drive-thru equipped, corporate signed, freestanding Starbucks investment property located in Havelock, North Carolina. The tenant, Starbucks Corporation (NASDAQ: SBUX | S&P: BBB+) has over 9 years remaining on their current lease term with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features a flat base term, with 10% increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
Property Details
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 34,848 SF
Highlights
- Over 9 Years Remaining | Corporate Signed (S&P: BBB+) | Scheduled Rental Increases
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Outparcel to Planet Fitness Anchor | Drive-Thru Equipped |South of Walmart Supercenter | Primary Retail Corridor
- Strong Demographics in 10-Mile Trade Area
Nearby Properties
Similar Properties
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