For Sale
$2,732,000

914 Main StLaurens, SC 29360

High-Yield Net Lease Starbucks

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, single-tenant Starbucks located at 914 E Main St, Laurens, SC 29360. Built in 2023, this 2,281 square foot Class A property boasts a strong 10-year net lease with a corporate guarantee from Starbucks, offering significant financial stability. The lease includes four five-year options with a 5% rent increase at each option period. The property features a dedicated drive-thru and ample parking (30 spaces) on a one-acre lot. The asking price is $2,732,000, representing a compelling 5.75% cap rate and a NOI of $157,100. The property benefits from its location in a high-traffic area with numerous national retailers nearby, including Chick-fil-A, Walmart, and other popular restaurants and stores. Its proximity to the 90-bed Laurens County Hospital further enhances its desirability. The tenant is responsible for all taxes, insurance, landscaping, and HVAC maintenance. This property is zoned commercial and presents a secure, high-return investment opportunity. Consider this property as a standalone investment or as part of a larger portfolio.

Highlights

  • NN+ Corporate Lease with no early termination option.
  • Dedicated drive-thru available.
  • Triple-net (NNN) lease: tenant responsible for taxes, insurance, landscaping, and HVAC.
  • Located 2.5 miles from the 90-bed Laurens County Hospital.

Property Details for 914 Main St

Property type
Retail properties, Restaurants
Square Feet
2,281 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
Laurens
County
Laurens
State
South Carolina
Latitude
34.4922661
Longitude
-81.981392
914 Main St, Laurens, South Carolina

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914 Main St
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