July 8, 2025 – Matt Nadler, Kyle Danielson, Jack Laurendeau and Ryan O’Rourke of Horvath & Tremblay have successfully completed the sale of a Starbucks in Wytheville, Virginia. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $2,750,000.
Starbucks is located at 3153 Chapman Road in Wytheville, Virginia. Starbucks operates under a rare, 15-year lease, 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 located along Chapman Road and is seconds from the intersection with Ready Mix Road. The new construction Starbucks is visible from Interstate 77/81 and is adjacent to the Exit 77 on/off ramps. Starbucks enjoys excellent visibility and frontage and benefits from a 65’ Pylon Sign, allowing the location to attract travelers on the Interstate. The Property is surrounded by multiple Gas Stations, C-Stores and Truck Stops at the I-81/Chapman Rd junction, including Circle K, Speedway, Flying J, Pilot, and Exxon. The Property offers convenient access to E Lee Highway and is approximately 5 miles from the center of Wytheville and the majority of the town’s commercial district. Wytheville is in southwestern Virginia and is part of the Crossroads Region as it sits between Washington DC and Knoxville, TN along I-81 and Charlotte, NC and Charleston, WV along I-77. Wytheville is located at the junction of the two Interstates and is approximately 50 miles from Blacksburg, VA and 80 miles from Roanoke, VA.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.