Corporate-Leased Starbucks Retail
3019 George Washington Memorial Highway Hayes, VA 23072
For Sale
Contact for pricing
A new-construction Starbucks with a 15-year lease and renewal options, supported by scheduled 10% rent increases.
Property Size2,500 SF
Price / SF$1,040
Days on Market52
Property Features for 3019 George Washington Memorial Highway
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2024
Listing Agency:
Horvath & Tremblay Alexandria
Listed By:
Kyle Danielson · License #9538605
Source:
Crexi
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 23 at 12:57PM
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 Horvath & Tremblay Alexandria
Investment Insights
Based on property information with market context.
This offering presents a new-construction Starbucks investment property operating under a corporate lease. Starbucks has a rare 15-year initial term, followed by six (6) five-year renewal options. The lease structure includes scheduled 10% rent increases every five years throughout the primary term and at the start of each renewal option.
The property is located along George Washington Memorial Highway (US Highway 17) in Hayes, Virginia, with prominent signage and visibility from the highway. It is adjacent to a signalized intersection with Powhatan Drive, where Wendy’s, Chesapeake Bank, and 7-Eleven are located. The site is also described as less than 1.2 miles from two grocery-anchored shopping centers.
For buyers seeking a long-duration, tenant-operated retail asset, the combination of a corporate Starbucks tenant, a full 15-year term, and multiple renewal options can support underwriting discipline. The built-in, periodic 10% rent increases provide a clear contractual rent escalation schedule through both the primary term and renewal periods, offering a structured approach to long-term lease economics.
The property is located along George Washington Memorial Highway (US Highway 17) in Hayes, Virginia, with prominent signage and visibility from the highway. It is adjacent to a signalized intersection with Powhatan Drive, where Wendy’s, Chesapeake Bank, and 7-Eleven are located. The site is also described as less than 1.2 miles from two grocery-anchored shopping centers.
For buyers seeking a long-duration, tenant-operated retail asset, the combination of a corporate Starbucks tenant, a full 15-year term, and multiple renewal options can support underwriting discipline. The built-in, periodic 10% rent increases provide a clear contractual rent escalation schedule through both the primary term and renewal periods, offering a structured approach to long-term lease economics.
Key Highlights
- New‑construction Starbucks investment at 3019 George Washington Memorial Highway (US Highway 17) in Hayes, VA
- Starbucks operates under a 15‑year lease with six (6), 5‑year renewal options
- Lease includes scheduled 10% rent increases every five years throughout the primary term and at the start of each renewal option
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Coffee shops
Similar Off Market Nearby
- Milk Panda Cafe — 2268 York Crossing Dr, Hayes, VA 23072
- Bagel Connect — 2091 George Washington Memorial Hwy, Gloucester Point, VA 23062
FAQs
What type of property is this?
Coffee shop - A new-construction Starbucks with a 15-year lease and renewal options, supported by scheduled 10% rent increases.
Where is this coffee shop located?
The property is located at 3019 George Washington Memorial Highway Hayes, VA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: New‑construction Starbucks investment at 3019 George Washington Memorial Highway (US Highway 17) in Hayes, VA; Starbucks operates under a 15‑year lease with six (6), 5‑year renewal options; Lease includes scheduled 10% rent increases every five years throughout the primary term and at the start of each renewal option
