2487 Sugar Hill Rd Marion, NC 28752
- Retail properties
- 0.81 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2487 Sugar Hill Rd
- Year built
- 2024
- Lot size
- 0.81 lot acres
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- McDowell
- State
- North Carolina
- Longitude
- -82.0306
- Latitude
- 35.6527
