May 2, 2025 – Matt Nadler and Kyle Danielson of Horvath & Tremblay have successfully completed the sale of a Starbucks in Roanoke, Virginia. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $2,977,000.
Starbucks is located at 7521 Friendship Lane in Roanoke, Virginia. The new construction Starbucks is operating under a rare 15-year lease with 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 located at the signalized intersection of Friendship Lane and Plantation Road (VA Route 115) and enjoys excellent visibility, frontage, and prominent signage. The new construction Property features a drive through and outdoor patio and is seconds from Interstate 81 and less than 1-mile from US Highway 11, the area’s primary commercial and commuter corridor. The Property is 1.3-miles from Hollins University and is surrounded by several hotels and large office and industrial complexes that attract a large workforce to the area and is surrounded by heavily populated residential neighborhoods that provide a built-in customer base.
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.