This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Top 10% Performing Starbucks | Winston-Salem 2701 Peters Creek Pky

2,225 SF Retail Building Winston-Salem, NC 27127 $3,558,390 CAD ($1,599 CAD/SF) 5.65% Cap Rate

EXECUTIVE SUMMARY

THE ASSET
• Strong Performing Store – Placer.ai
• Ranked 712 / 7,339 Nationwide – Top 10%
• Ranked 27 / 191 in North Carolina – Top 14%
• Ranked 2 / 12 within 15 Miles – Top 9%
• No Early Termination Right
• New Construction
• Corporately Backed by Starbucks Corporation
• Investment Grade of BBB+/Baa1
• Long Term Lease with 9 Years Remaining
• 8% Rent Bump in 2028
• 10% Rental Increases in options 2-6
• Outparcel to Market Dominant Aldi shopping center
• Starbucks has Six 5-Year Options remaining
THE FUNDAMENTALS
• Across The Street from Parkland High School with 1,600+
Students
• 3 Miles from Downtown Winston-Salem
• Signalized Hard Corner Intersection
• Strong Traffic Counts with 36,000 Vehicles Per Day
• Situated in the Piedmont Triad of North Carolina
• Dense retail corridor with Aldi, Sherwin Williams, Waffle House,
Harbor Freight and Planet Fitness located in the submarket
• Great Visibility and Access from Peters Creek Pkwy
• Strong Demographics
• 1 Mile Population: 7,252
• 3 Mile Population: 68,220
• 5 Mile Population: 146,934

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,225 SF
Building Class
C
Year Built
2023
Price
$3,558,390 CAD
Price Per SF
$1,599 CAD
Cap Rate
5.65%
NOI
$201,049 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.11 AC
Zoning
HB-S - Commercial
Parking
35 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
231 ft on Peters Creek Pky

AMENITIES

  • Dedicated Turn Lane
  • Drive Thru
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Jan 0000

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with stores around the globe, the Company is the premier roaster and retailer of specialty coffee in the world. Through their unwavering commitment to excellence and their guiding principles, they bring the unique Starbucks Experience to life for every customer through every cup.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Accommodation and Food Services 99,999 SF - Jan 0000

NEARBY MAJOR RETAILERS

ALDI
Truist
Starbucks
Planet Fitness
Storage Sense
Cook Out
Waffle House
Food Lion
First Horizon Bank
Compare Foods

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6824-81-1227
Land Assessment
$4,964 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,964 CAD
  • Listing ID: 33270733

  • Date on Market: 2024-09-23

  • Last Updated:

  • Address: 2701 Peters Creek Pky, Winston-Salem, NC 27127

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}