Property profile

2487 Sugar Hill Rd Marion, NC 28752

OFF-MARKET
Retail properties & Spaces
0.81 ac lot Built 2024
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Property summary

AI-generated overview

This exceptional investment opportunity presents a newly constructed (2024) Starbucks QSR property located at 2487 Sugar Hill Rd, Marion, NC 28752. Boasting a strong 9.9-year remaining lease term (expiring 09/30/2034) with a corporate guarantor, Starbucks Corporation, this single-tenant, net-lease property offers a compelling 6.00% cap rate and a substantial $150,000 annual net operating income (NOI). The 0.81-acre lot features 21 parking spaces and benefits from exceptional visibility on Sugar Hill Rd, experiencing 17,000 vehicles per day. The property's strategic location is further enhanced by its proximity to I-40 (0.5 miles, 32,000 VPD), Mission Hospital McDowell, McDowell Technical Community College, and several area high schools, ensuring consistent customer traffic. The lease includes 10% rent bumps every 5 years, providing built-in growth potential. The surrounding area features a robust retail landscape, including major national brands, and is experiencing significant economic growth fueled by the planned construction of a large manufacturing facility. This property is an ideal addition to any diversified real estate portfolio. The building is approximately 1700 square feet.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Lot 0.81 ac (35,284 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2487 Sugar Hill Rd Marion, NC 28752
Marion metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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