7417 Augusta RdGreenville, SC 29673

Property Details for 7417 Augusta Rd

Year built

2024

Lot size

1.82 AC

Property size (Sq ft)

2,500 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 2,500-square-foot Starbucks located at 7417 Augusta Rd, Piedmont, SC 29673. Built in 2024, this single-tenant, net-lease property boasts a 9.9-year remaining lease term (expiring 09/29/2034) with a corporate guarantee from Starbucks Corporation. The property features a 5.50% cap rate and a strong NOI of $115,000. The asking price is $2,091,000, translating to $836.40 per square foot. The lease includes 10% rent bumps every five years, providing significant long-term growth potential. Situated on a 1.82-acre lot with 36 parking spaces, this location benefits from excellent visibility on Augusta Road and multiple points of access. The property is surrounded by a dense industrial corridor and numerous destination retailers, including Publix, Food Lion, and various fast-food chains. Its proximity to Prisma Health Greenville Memorial Hospital, Greenville Technical College, and Woodmont High School further enhances its appeal. The area exhibits robust population growth, projected at 9.86% within a 3-mile radius over the next five years. This investment offers a compelling combination of a strong tenant, favorable lease terms, and a prime location in a rapidly expanding market. The property includes a covered patio and is less than 20 minutes from Greenville's central business district.

Location Insight

City

Greenville

County

Greenville

State

South Carolina

Latitude

34.7314

Longitude

-82.389

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