For Sale
$2,204,000

2032 Mccrays Mill RdSumter, SC 29154

Sumter, SC: Prime Retail Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 2,500 square foot Starbucks located at 2032 McCrays Mill Rd, Sumter, SC 29154. Opened in April 2023, this Class A property boasts a 10-year net lease (NN+) with a corporate guarantee from Starbucks, ensuring consistent income. The lease includes four five-year options with a 10% rent increase at each option period. The property sits on a 1.18-acre lot with 32 parking spaces and benefits from a high-traffic location near other major retailers, including McDonald's, Walmart, and a major high school. Sumter's strong economy, anchored by Shaw Air Force Base, Continental Tire, and Toumey Regional Medical Center, provides a stable market for this investment. The property's strong financials include a 5.75% cap rate, a $126,718 net operating income (NOI), and a price per square foot of $881.60. The building, constructed in 2023, is a single-story structure with commercial zoning. This is a rare opportunity to acquire a high-performing, low-risk investment with a well-established tenant in a thriving South Carolina market. The property's location near major roadways and other businesses ensures high visibility and accessibility. The lease terms provide long-term stability and predictable income growth. This is an ideal investment for those seeking a secure, high-return asset with significant upside potential.

Highlights

  • Brand-new, 2,500 SF Starbucks in Sumter, SC, opened April 2023.
  • 10-year net lease (NN+) with corporate guarantee from Starbucks, including four 5-year options with 10% rent increases.
  • 1.18-acre lot, 32 parking spaces, high-traffic location near major retailers and a high school.
  • 5.75% cap rate, $126,718 NOI, $881.60 price per square foot.

Property Details for 2032 Mccrays Mill Rd

Property type
Retail properties, Restaurants
Square Feet
2,500 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
51,401 SF

Location Insight

City
Sumter
County
Sumter
State
South Carolina
Latitude
33.90383
Longitude
-80.3819019
2032 Mccrays Mill Rd, Sumter, South Carolina

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2032 Mccrays Mill Rd
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