Starbucks

2151 Pocahontas Trail, Quinton, VA 23141

$2,937,000

Cap Rate 5.75%

Views: 208 DOM: 333 Updated: 10.02.24 Posted: 02.01.24 Status: Active

Summary

Price $2,937,000	Built/Renov 2024	Tenant Starbucks
Cap Rate 5.75%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 2,500	Lease Start 03-01-2024	#Units 38,038
Price/SF $1,174.80	Expiration 05-30-2034	Tenant Type Fast Food/QSR
NOI $168,900	R. Term 9.5	Ownership Fee Simple
Rent/SF $67.56	Increases 10.0%/5/yrs	Pop 5Mi 15,092
Lot/AC 1.38	Options 6/5yrs/10%	AHHI 5Mi $126,746

Lease Highlights

Brand-new 2024 construction
Brand-new 10 year, 3 month lease with 6 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and each option period
Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located at the signalized, hard corner intersection of Pocahontas Trail and New Kent Hwy, with a combined daily traffic count of 33,600 vehicles. The property offers convenient accessibility, directly connected to both an on-ramp and off-ramp for Interstate 64 (76,000 VPD. Furthermore, it shares its vicinity with a recently constructed Arby's restaurant and is...

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Key Features

New construction
Roof guarantee
Dense retail corridor
Freeway close
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Long 10+ yr lease
Traded and rated company
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Quinton, Virginia Zip Code 23141 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Starbucks
Guarantor:Corp T and Rated
Company:Starbucks Corporation
# Units:38,038
Tenant S&P: BBB+
Moody’s: Baa1
Stock: NASDAQ: SBUX

About Tenant

Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	860	8,648	15,638
2023 Total Population :	806	8,338	15,092
2023 Employed Civilian Pop :	445	4,410	7,832
2023 Total Businesses :	38	153	311
2023 Average Household Income :	$ 177,317	$ 138,915	$ 126,746
2023 Total Consumer Spending :	$ 38 M	$ 394 M	$ 637 M
2023 Median Age :	47	48	47
2023 Total Households :	255	3,344	5,919
2023 Pop Age 25+: Bachelor's Degree :	210	1,667	2,699
2023 Average Home Value :	$ 389,043	$ 393,835	$ 392,312

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
New Kent Hwy	Pocahontas Trl	2016	16,000	0.12 mi
New Kent Highway	Pocahontas Trl	2020	19,000	0.13 mi
New Kent Highway	Pocahontas Trl	2021	21,000	0.13 mi
Pocahontas Trail	New Kent Hwy	2018	14,000	0.15 mi
New Kent Highway	Pocahontas Trl	2018	17,000	0.16 mi
New Kent Hwy	I- 64	2016	2,600	0.24 mi
	I- 64	2021	2,900	0.25 mi
	I- 64	2018	1,500	0.26 mi
	I- 64	2021	1,500	0.28 mi
Pocahontas Trail	New Kent Hwy	2018	14,000	0.28 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
31310 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
32494 Views
23 Sold

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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