Cap Rate
6.5%
Year Built
2024
2487 Sugar Hill Rd, Marion, NC, 28752
Starbucks$2,307,692
Key Information
Term Remaining
±9.5 YRS
Type
Retail
NOI
$150,000
Leasable Area
2,450
Highlights
- New 2024 Brick Construction
- New 10-Year Lease – Rent Commenced IN September 2024.
- Corporate Starbucks Lease – Over 40,000 Locations Across the World. America’S Premier Coffee Chain.
- Investment Grade Tenant – Bbb+ Rating From S&P | Baa1 Rating From Moody’S.
- Major Job Growth – Forza X1 (Electric Boat Manufacturer) is Building a ±125,000 Sf Plant IN Marion, North Carolina. Projections Show $480mm Generated Over the Next Decade.
- Excellent Visibility – Located on Sugar Hill Rd Seeing Over ±14,000 Vpd.
- Dense Retail Pocket – Close Proximity to Walmart Supercenter, New Sheetz, Popeyes, Arby’S, Bojangles, Waffle House, Murphy USA, and Many More.
- Proximity to Strong Consumer Base – Access From I-40 Exit, Mission Hospital Mcdowell, Mcdowell Technical Community College.
Photos
Location
Agents
T
Tanner SanfordLicense # 370826 (TN)
C
Clay SmithLicense # 361676 (TN)
Broker of Record
Kyle Matthews
License # C38369 (NC)Matthews Real Estate Investment Services, Inc1600 West End, Ste. 1500 Nashville, TN 37203