Drive-Thru Starbucks Corporate Net
For Sale
Contact for pricing
Pending
505 Pisgah Church Rd, Greensboro, NC 27455
Fee simple drive-thru Starbucks with corporate net lease and freestanding building on a high-volume retail corridor.
Property Size1,776 SF
Days on Market127
Property Features for 505 Pisgah Church Rd
General Information
Standard status
Pending
Size
1,776 SF
Total Parking Spaces
21
Property subtype
Retail
Zoning
CD-C-H
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Site & Location
Traffic Count
43,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2005
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Pegasus Investments
Listed By:
David Chasin · License #CA 01513027
(310) 969-1135
Source:
Crexi
Added: May 4
Changed: Aug 28
Last Checked: Aug 14 at 7:44AM
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
Property Profile
Current Use
Lease Details
43,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
261k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 25%
Groceries 17%
Apparel 3%
Chick-fil-A
Dining
46,487 visits/mo
0.5 miles
Harris Teeter
Groceries
43,988 visits/mo
0.3 miles
McDonald's
Dining
27,487 visits/mo
0.1 miles
Dollar Tree
Shops & Services
21,060 visits/mo
0.1 miles
BP
Shops & Services
20,440 visits/mo
0.2 miles
Demographics for 27455, NC
30,913
Population
12,822
Households
2.4
Avg Household Size
43
Median Age
54%
College-Educated
98%
High-School Grad
28.7 sq mi
ZIP Area
1,077
Density / Sq Mi
$93,841
Median Household Income
$49,048
Median Earnings
$1,231
Median Rent
$324,200
Median Home Value
Market
Vacancy Rate% for Retail in Greensboro, NC
Questions? Ask Rey
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Frequently Asked Questions
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
