For Sale
$2,182,000

414 Highway 28 BypAnderson, SC 29625

Anderson, SC: High-Yield Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, fee-simple Starbucks located at 414 Hwy 28 Bypass, Anderson, SC 29625. The 2,500 square foot building, constructed in 2024, sits on a 1.17-acre lot and boasts 23 parking spaces. Benefitting from a strong 100% occupancy rate, the property is secured by a corporate-guaranteed, net lease with Starbucks Corporation, extending to February 27, 2034 (9.3 years remaining). The lease includes a 10% rent increase every five years, providing significant long-term growth potential. The property's strategic location offers exceptional visibility as an outparcel to Lowe's Home Improvement, and proximity to major employers like Michelin, Electrolux, and First Quality, along with significant healthcare and educational institutions. The property generates a substantial net operating income (NOI) of $120,000, yielding an attractive 5.50% cap rate, and is priced at $2,182,000 ($872.80/sq ft). The property is zoned for commercial use and offers lease options of 4 or 5 years. This is a rare opportunity to acquire a high-performing, credit-rated investment in a thriving South Carolina market.

Highlights

  • Brand new construction, completed February 2024.
  • New 10-year lease with Starbucks Corporation.
  • Outparcel to Lowe's Home Improvement.
  • Investment-grade credit tenant (Baa1/BBB+).
  • Excellent location, less than 10 minutes from major employers including Electrolux and First Quality.
  • 1.17-acre parcel.

Property Details for 414 Highway 28 Byp

Property type
Retail properties
Square Feet
2,500 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
50,965 SF
Units
1

Location Insight

City
Anderson
County
Anderson
State
South Carolina
Latitude
34.482719889991
Longitude
-82.664935094687
414 Highway 28 Byp, Anderson, South Carolina

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
414 Highway 28 Byp
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message