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INVESTMENT HIGHLIGHTS
RARE 15-YEAR LEASE: Starbucks is operating under a rare, 15-year lease, and is followed by six (6), 5-year renewal options. The lease features attractive 10% rent increase every five years throughout the primary lease term and at the start of each renewal option, providing the investor with an attractive increase in revenue and a hedge against inflation.
NEW CONSTRUCTION: The new construction Starbucks features a best-in-class drive-thru, as well as an outdoor patio space, both designed to enhance the customer experience and drive sales. The Property also boasts a 65’ Pylon sign that is visible from Interstate 81/77.
STRATEGIC RETAIL LOCATION: Starbucks is located along Chapman Road, one of the area’s primary commuter corridors, and is seconds from Interstate 77/81. The Property offers outstanding visibility and frontage as well as a 65’ pylon sign allowing the location to attract passing motorists. The Property is surrounded by multiple Gas Stations, C-Stores and Truck Stops at the I-81/Chapman Rd junction, including Circle K, Speedway, Flying J, Pilot, and Exxon. The Property offers convenient access to E Lee Highway and is approximately 5-miles from the center of Wytheville and the majority of the town’s commercial district.
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