Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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