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    1209 N Main St Marion, VA 24354

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    For Sale
    Contact for pricing

    New construction Starbucks with corporate lease and rental increases.

    Property size:
    2,500 SF
    Lot size:
    0.77 Acres

    Property Features for 1209 N Main St

    General Information

    Size
    2,500 SF
    Lot size
    0.77 Acres

    Source: SRS Real Estate Partners | McLean Agent Andrew Fallon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Starbucks NNN Investment Opportunity

    This property, suitable for coffee shops, restaurants, retail, NNN, and specialty purposes, features a Starbucks location with over 12 years remaining on their lease and 6 (5-year) options to extend, demonstrating a long-term commitment to the site. Constructed in 2022, the 2,500 square foot building incorporates high-quality materials, high-level finishes, and distinct Starbucks design elements. The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 38,000 stores. The lease includes 10% rental increases every 5 years and at the beginning of each option. The tenant is responsible for taxes, insurance, and maintaining most aspects of the premises. Landlord responsibilities are limited to the roof, structure, foundation, parking lot, and HVAC, making it an ideal, low-management investment for a passive investor.
    Location Intelligence

    Current Use by Public Records

    Coffee shops

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Better Coffee Co., Virginia ISP Services, Starbucks

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Smyth
    State
    Virginia
    Longitude
    -81.5395985
    Latitude
    36.8239159

    Nearby Similar for Sale

    • $360,000
      5,169 SF

      Iconic Commercial Property in Marion

      Versatile commercial building with retail, garage, and expansion potential.
      151 E Lee St, Marion, VA 24354
      View Details

    FAQs

    What type of property is this?
    Coffee shop - New construction Starbucks with corporate lease and rental increases.
    Where is this coffee shop located?
    The property is located at 1209 N Main St Marion, VA.
    What are key features of this property?
    This property features: - Long-term Starbucks lease with 12+ years remaining and multiple extension options, indicating strong tenant commitment.; - Corporate lease signed by Starbucks, an investment-grade (S&P: BBB+) tenant.; - New 2022 construction with high-quality materials and finishes.
    (202) 286-1542
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    Marion, VA 24354
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1209 N Main St Marion, VA 24354
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