3019 George Washington Memorial Highway

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3019 George Washington Memorial Highway

Hayes, VA 23072
Asking Price
$2.60M
Cap Rate
6.25%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

Retail | 6.25% Cap Rate | 2,500 Sq Ft <p><strong>RARE 15-YEAR LEASE:</strong> Starbucks is operating under a rare, 15-year lease, which commenced in 2024. Starbucks has 13 years remaining on their primary term followed by six (6), 5-year renewal options. </p><p></p><p><strong>NEW CONSTRUCTION:</strong> The Property features Starbucks’ best-in-class drive-thru, as well as an outdoor patio space, both designed to enhance the customer experience and drive sales. </p><p></p><p><strong>ATTRACTIVE RENT INCREASES: </strong>The lease featur

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NOI
$80,000
Cap Rate
3.08%
DSCR
0.52
Underwater
Cash-on-Cash
-9.53%
Monthly Payment
$12,863.381
Annual Cash Flow
$-74,360.577

Location & Travel Times