Starbucks Outparcel
For Sale
Contact for pricing
4177 W Vernon Ave, Kinston, NC 28504
Retail outparcel adjacent to a Walmart Supercenter along Hwy 70, with approximately 27,000 VPD.
Property SizeContact for details
Days on Market142
Property Features for 4177 W Vernon Ave
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Twin Rivers Capital
Listed By:
Caroline Saltiel
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 3:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Twin Rivers Capital
Investment Insights
Based on property information with market context.
This for-sale retail outparcel is leased to Starbucks, described as the only Starbucks option within a 20-mile radius in the provided materials. The property is positioned as an essential business offering, with a stated cap rate of 5.25% for Year 1 and 5.775% for Year 6. The lease is noted as having no kickout clause.
The asset is an outparcel to a Walmart Supercenter in Kinston, NC. It sits on Hwy 70 (W. Vernon St), identified in the remarks as a major thoroughfare with approximately 27,000 vehicles per day.
The offering is presented as a major retail area retail location tied to Walmart’s draw, supported by the high-volume corridor indicated in the public remarks.
The asset is an outparcel to a Walmart Supercenter in Kinston, NC. It sits on Hwy 70 (W. Vernon St), identified in the remarks as a major thoroughfare with approximately 27,000 vehicles per day.
The offering is presented as a major retail area retail location tied to Walmart’s draw, supported by the high-volume corridor indicated in the public remarks.
Key Highlights
- CAP is 5.25% Year 1 and 5.775% Year 6
- Retail outparcel adjacent to a Walmart Supercenter
- Located along Hwy 70 (W. Vernon St), a major thoroughfare
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
387k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 25%
Superstores 19%
Home Improvements & Furnishings 10%
Walmart
Superstores
75,097 visits/mo
0.1 miles
Chick-fil-A
Dining
44,807 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
31,587 visits/mo
0.4 miles
McDonald's
Dining
30,170 visits/mo
0.2 miles
Royal Farms
Shops & Services
29,442 visits/mo
0.2 miles
Demographics for 28504, NC
20,180
Population
9,355
Households
2.2
Avg Household Size
45
Median Age
18%
College-Educated
84%
High-School Grad
121.1 sq mi
ZIP Area
167
Density / Sq Mi
$50,650
Median Household Income
$35,717
Median Earnings
$905
Median Rent
$124,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail outparcel adjacent to a Walmart Supercenter along Hwy 70, with approximately 27,000 VPD.
Where is this retail space located?
The property is located at 4177 W Vernon Ave Kinston, NC.
What are key features of this property?
This property features: CAP is 5.25% Year 1 and 5.775% Year 6; Retail outparcel adjacent to a Walmart Supercenter; Located along Hwy 70 (W. Vernon St), a major thoroughfare
