3019 George Washington Memorial Highway, Hayes, VA 23072

Building Details

Year Built

2024

Listing agent Kyle Danielson License #9538605

Listing office Horvath & Tremblay

Listing date Jun 3, 2026

Source Crexi

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All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Department Store Skin Care Clinic Kitchen & Bath Showroom

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

Similar Places Nearby

• Milk Panda Cafe — 2268 York Crossing Dr, Hayes, VA 23072
• Bagel Connect — 2091 George Washington Memorial Hwy, Gloucester Point, VA 23062

Location Insight

• Map
• Local Demand

City

Hayes

County

Gloucester

State

Virginia

Longitude

-76.4939959

Latitude

37.2684752

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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