2600 Stuarts Dr Hwy Stuarts Draft, VA 24477

This exceptional investment opportunity presents a fee-simple ownership of a Starbucks located at 2600 Stuarts Draft Highway, Stuarts Draft, Virginia 24477. The property boasts a brand-new, 10-year lease (commencing November 29, 2023, and expiring February 28, 2034) with six 5-year renewal options, featuring 10% rent increases every five years. The 3,661 square foot building, constructed in 1991 and renovated in 2024, sits on a 1.3-acre lot and includes a modern design and a best-in-class drive-thru. The property benefits from a self-maintaining lease, excellent visibility, prominent signage, and two points of access along Stuarts Draft Highway, a primary commercial corridor with high traffic counts (over 15,200 vehicles daily). The strategic location is on a pad site adjacent to Windmill Square Shopping Center, anchored by a Food Lion, and is near major roadways, including Interstates 81 and 64. The property offers a strong 6.25% cap rate with a current NOI of $165,000 and an asking price of $2,640,000. The tenant, Starbucks Corporation, holds an investment-grade credit rating, providing significant financial security. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a long-term lease and significant upside potential. The property's recent redevelopment, coupled with the strong tenant and location, makes this an attractive investment for passive investors seeking a stable, high-return asset. The surrounding area includes a variety of other retail establishments, further enhancing the property's appeal and drawing significant traffic.