Starbucks Drive-Thru & Greggs Drive-To Investment Opportunity
Northallerton
North Northallerton Local Centre, North Moor Road, Northallerton, North Yorkshire DL6 2GQ
Investment Summary
- Prime roadside retail location forming part of the North Northallerton Local Centre which is anchored by Aldi
- New build development comprising a 1,840 sq ft Starbucks drive-thru and a 1,200 sq ft Greggs drive-to
- The surrounding area benefits from circa 1,200 new homes currently under development
- Starbucks Coffee Company (UK) Limited lease for a term of 16 years from May 2026
- Greggs plc lease for a term of 10 years from 5 May 2026
- Both leases benefit from five yearly indexed linked uplifts
- WAULT of circa 13.5 years
- Freehold offers sought in excess of £1,945,000 reflecting a Net Initial Yield of 6.00% (assuming purchasers costs of 6.26%)
- For further information, please contact Richard Syers or Josh Wraight