Starbucks- Elizabeth City, NC
109 Tanglewood Pkwy, Elizabeth Town, North Carolina 27909
- Corporate Starbucks store
- Double Net Lease, with Landlord Responsibilities for Roof & Structure, Parking Lot and Landscaping
- Constructed in 2017 as Only Freestanding Starbucks in Town
- 10% Rental Increases in Year Siz
- 35,000+ Residents within 5-mile Radius
Net Lease Realty Partners is excited to present the opportunity to acquire the fee simple interest in this corporate Starbucks Coffee site. The property was originally built in 2017. The site is well-positioned and visible along Halstead (NC-334) just off the US-17 BYP Exit which is the main Freeway system that Travels North-South just West of Elizabeth City. Situated on a Walmart out parcel, there are several other major retailers within close proximity. QSRs include McDonald’s, Zaxby’s and Subway. Shopping retailers include Hobby Lobby, GameStop, Ross, TJ Maxx, Mattress Firm, and AT&T. The subject property is on a 10-year NN lease to Starbucks with approximately 8 years remaining on the term and includes four, five-year options to renew. The lease calls for 10% rental increases to the landlord adjusted in year 6 and each option year.
