Starbucks 50 Lodge Ln

Atlantic Capital Partners is pleased to present the sale of a
newly constructed Starbucks located at 50 Lodge Lane in
Verona, Virginia. This 2,500 SF build-to-suit prototype is
currently under construction with a projected opening date of
10/1/2024. The property is strategically located on Laurel Hill
Road, with excellent proximity to I-81, which sees 59,000 VPD.
The site offers exceptional visibility and excellent daily vehicle
traffic. Starbucks committed to a newly minted, rare, 10-year
self-maintaining lease, with six five-year renewal options. The
lease includes 10% rent escalations through the initial term,
and at the start of each option period, with a current annual
rent of $168,000. This investment combines the strengths of a
newly constructed asset, limited landlord responsibilities, and
a stable, long-term passive income stream.