Starbucks

Starbucks – Single Tenant Net Lease Investment
Raleigh–Cary MSA, NC | Freestanding Drive‑Thru Coffee Shop | Absolute NNN Lease | Passive Income Opportunity

This investment opportunity features a freestanding Starbucks with drive‑thru in the Raleigh–Cary metropolitan area of North Carolina. The property is secured by a long‑term absolute triple‑net (NNN) lease with scheduled rent increases every five years and zero landlord responsibilities. The asset delivers fully passive income and caters to investors seeking net lease investment properties, NNN properties for sale, single tenant net lease offerings, and fast casual NNN lease investments in a high-growth Southeastern market anchored by technology, healthcare, education, and government sectors.

Situated along a high‑traffic commercial corridor, the site offers ideal drive‑thru access with dual-lane capability, prominent visibility, and easy ingress and egress. The Starbucks sits near key demographic and economic drivers, including residential neighborhoods, corporate office parks, medical universities, hospitals, universities, retail centers, and hotels. The site aligns with high‑intent searches such as buy NNN property, net lease real estate investments, 1031 exchange NNN strategies, and long term NNN lease investments in Raleigh.

Investment Highlights

• Occupied by Starbucks, a blue‑chip national coffee tenant
• Absolute NNN lease structure places all property expenses on tenant
• Long‑term lease with scheduled accounting‑based rent escalations every five years
• Multiple five‑year renewal options for extended income stability
• Freestanding prototype building featuring dual‑lane drive‑thru configuration
• Located on a major retail corridor with high daily vehicle counts in Raleigh–Cary MSA
• Ideal for investors seeking fast casual NNN lease investments or net lease opportunities
• Suited for buyers completing a 1031 exchange or building a portfolio of single tenant NNN retail properties

This Starbucks asset meets the criteria of investors looking to buy NNN property in Southeastern growth markets.

Tenant Overview

Starbucks is one of the world’s most recognized fast-response hospitality brands, renowned for premium coffee, beverage innovation, and food offerings. With a strong record of expansive growth and customer loyalty, Starbucks remains a credit-strong tenant with consistent unit level performance. The brand’s drive‑thru and mobile ordering systems support efficient sales volume and recurring traffic.

This location operates under an absolute NNN lease, where the tenant is fully responsible for real estate taxes, property insurance, maintenance, structural and HVAC repairs, landscaping, parking lot upkeep, and compliance obligations. Investors benefit from a stable income stream and no operational responsibilities.

Lease Summary

• Lease Type: Absolute triple‑net (NNN)
• Initial Term: 15 to 20 years
• Rent Increases: Scheduled every five years, typically tied to CPI or fixed rate
• Renewal Options: Multiple five‑year extensions
• Landlord Liability: None

This lease format suits investors seeking net lease real estate investments that provide simplicity, predictability, and tenant-backed strength.

Market Overview – Raleigh–Cary MSA

The Raleigh–Cary MSA anchors North Carolina’s Research Triangle, a high-tech corridor known for leading universities (NC State, UNC, Duke), world-class healthcare systems, major research institutions, and global corporate campuses. Population has surged over the past decade, exceeding 1.5 million residents, driven by inbound migration tied to tech, biotech, finance, and government employment. The metro consistently ranks high for livability, income growth, and small business dynamism.

Significant job generators include the Research Triangle Park, North Carolina’s largest tech and research hub, along with the Duke University Health System and UNC Health. A robust roster of software, biotech, pharmaceutical, and engineering firms continues to invest in the region.

Residential and multifamily housing growth continues across major corridors. Steady traffic volumes and sustained daytime populations make Raleigh–Cary an excellent backdrop for high-performing QSR and coffee assets.

Property Features

• Modern Starbucks prototype with enhanced interior and efficient drive‑thru design
• Dual‑lane drive‑thru to support peak morning and afternoon traffic
• Monument and building signage with high visibility from both directions
• Ample parking and defined stacking lanes designed for drive‑thru optimization
• Located on a signalized intersection or arterial corridor with vehicular traffic exceeding 25,000 vehicles per day
• Surrounded by grocers, big‑box retailers, pharmacies, banks, healthcare and university campuses, residential subdivisions, and hotels
• Easy access for commuter corridors, university commuting routes, and local residential traffic

This configuration is built for steady performance across multiple dayparts, making it attractive for investors seeking fast casual NNN lease investments and net lease opportunity assets.

Trade Area Demographics

Within a five‑mile radius of the property:

• Population exceeds 150,000 with annual growth rates above national averages
• Strong household income levels, with median incomes above $80,000
• Highly educated and professional workforce—IT, biotech, healthcare, finance
• Daytime population bolstered by students, employees, and government workers
• Residential and commercial development growing in tandem with migration trends

The site captures diverse customer bases—commuters, students, parents, visitors, remote workers, and business travelers—ensuring consistent volume. This appeals to investors targeting net lease investment properties that blend stability, growth, and traffic diversity.

Rent Escalations and Income Growth

The lease includes rent escalations every five years, which are either fixed or CPI-indexed, creating a hedge against inflation and improving long-term return. The absolute NNN structure shields ownership from maintenance, taxes, and capital expenditure exposure. This results in clean cash flow and ease of forecasting—important for investors completing a 1031 exchange, private capital consolidation, or preparing institutional portfolios.

Ideal Buyer Profiles

• Private investors or family offices building a passive portfolio
• Buyers completing 1031 exchange NNN transactions with credit tenant exposure
• Institutional capital, pension funds, or REITs targeting fast casual NNN lease investments
• Buyers focused on single tenant NNN retail properties in growth regions
• Capital allocators pursuing Southeast or Triangle metro net lease opportunities

This property fits search intents such as buy NNN property, NNN investment property listings, long term NNN lease investments, and net lease opportunities in expanding secondary markets.

Strategic Fit in Raleigh Investment Trends

Raleigh–Cary continues to attract corporate relocations, expanded university research funding, and accelerated infrastructure projects, including public transit and telecommunications expansion. Consumer demand for convenience retail remains resilient, reflecting demographic density and disposable income levels.

Drive‑thru coffee formats, including Starbucks, are outperforming in suburban and edge-of‑city corridors, capturing commuter traffic and convenience consumption. The relative scarcity of freestanding, tenant‑paid Starbucks assets in high-traffic nodes amplifies investor interest.

Conclusion

This Starbucks in the Raleigh–Cary MSA offers a compelling net lease investment with national-brand stability, absolute NNN lease structure with scheduled rent escalations, drive‑thru layout designed for volume, and location within a growth-focused market. The asset aligns perfectly with investors seeking passive income, tenant credit, site fundamentals, and long-term value. It stands as a standout opportunity within net lease investment properties, single tenant net lease holdings, and 1031 exchange strategies targeting high-quality fast casual assets in booming Southeast metros.