January 3, 2025 – Kyle Danielson and Matt Nadler of Horvath & Tremblay have successfully completed the sale of a Starbucks in Stuarts Draft, Virginia. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,578,125.
Starbucks is located at 2600 Stuarts Draft Highway in Stuarts Draft, Virginia. The property features modern design standards and their best-in-class drive-thru, designed to enhance customer experience and drive sales. Starbucks invested north of $2.3M into the build-out, showing its strong commitment to the site. Starbucks recently signed a brand-new, 10-year lease that runs through February 2034, and is followed by six (6), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each renewal option. Starbucks is situated on a pad site to the Windmill Square Shopping Center, anchored by a Food Lion that serves as the primary grocer for the area. The Property benefits from excellent visibility, prominent signage, frontage, and two points of access along Stuarts Draft Highway. Stuarts Draft Highway is the primary commercial corridor in the immediate area, with trade centered around the signalized intersection of Stuarts Draft Highway with Draft Avenue and Tinkling Spring Road, down the street from the Property. The Property was recently redeveloped for Starbucks, featuring their latest modern design specifications and best-in-class drive-thru.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.