Starbucks for Sale in Gloucester Point, VA
Gloucester Point, VA
Key Investment Metrics
Price
$2,600,000
Cap Rate
6.3%
Net Operating Income
$162,533
Building Size
2500 SF
Land Area
0.94 Acres
Remaining Term
13 years
Lease Expiration
05/31/2039
Lease Term
15.0 years
Lease Commencement
05/17/2024
Lease Type
NN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2024
Tenancy
Single
Rent Increases
10%
Property overview
Starbucks in Gloucester Point
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,500 SF
- Land area
- 0.94 acres
- Year built
- 2024
- Lease type
- NN
- Lease expiration
- 05/31/2039
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.