Drive-Thru Starbucks Corporate Net
505 Pisgah Church Rd Greensboro, NC 27455
505 Pisgah Church Rd, Greensboro, NC, 27455
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For Sale
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Fee simple drive-thru Starbucks with corporate net lease and freestanding building on a high-volume retail corridor.
Property Size1,776 SF
Price / SF$1,198
Days on Market80
Property Features for 505 Pisgah Church Rd
General Information
- Standard status
- Active
- Size
- 1,776 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing agency
Pegasus Investments
(310) 969-1135
Listed by
David Chasin · License #CA 01513027
Source
Crexi
Added: May 4 Updated: Jul 21 at 2:29PM Checked: Jul 21 at 2:29PM
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 Pegasus Investments
Investment Insights
Based on property information with market context.
A fee simple interest is offered in a freestanding drive-thru Starbucks. The property is secured by a corporate net lease from Starbucks Corporation and features a parking ratio of approximately 12:1,000 SF. Starbucks has operated at this location since 2005 and has exercised two 5-year renewal options following its original 10-year lease term. Three 5-year renewal options remain, with rent increases of 8% for the first option and 10% for the second and third options.
The property is positioned along a top-performing retail corridor at one of Greensboro’s busiest intersections, located just off the I-840 interchange, with approximately 43,000 VPD. The corridor is anchored by the Village at North Elm lifestyle center and includes national tenants such as McDonald’s, Chase Bank, and Chick-fil-A, along with Dollar Tree and Walgreens. More than 1,700 recently constructed and planned residential units are surrounding the site, including Village 1373 (332 units), Encore North (237 units), and the 340-unit Brooks North Apartment project.
The property is positioned along a top-performing retail corridor at one of Greensboro’s busiest intersections, located just off the I-840 interchange, with approximately 43,000 VPD. The corridor is anchored by the Village at North Elm lifestyle center and includes national tenants such as McDonald’s, Chase Bank, and Chick-fil-A, along with Dollar Tree and Walgreens. More than 1,700 recently constructed and planned residential units are surrounding the site, including Village 1373 (332 units), Encore North (237 units), and the 340-unit Brooks North Apartment project.
Key Highlights
- Fee simple interest in a freestanding drive‑thru Starbucks building built in 2005
- Starbucks corporate net lease; Starbucks has operated at the site since 2005
- Lease renewals include two 5‑year options exercised; three additional 5‑year renewal options remain
Property Analytics
Location Intelligence
Current Use by Public Records
Starbucks
Cafe & Coffee Shop
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FAQs
What type of property is this?
Drive through restaurant - Fee simple drive-thru Starbucks with corporate net lease and freestanding building on a high-volume retail corridor.
Where is this drive through restaurant located?
The property is located at 505 Pisgah Church Rd Greensboro, NC.
What is the asking price?
The asking price for this property is $2,129,000.
What are key features of this property?
This property features: Fee simple interest in a freestanding drive‑thru Starbucks building built in 2005; Starbucks corporate net lease; Starbucks has operated at the site since 2005; Lease renewals include two 5‑year options exercised; three additional 5‑year renewal options remain
