414 Highway 28 BypAnderson, SC 29625

Property Details for 414 Highway 28 Byp

Year built

2024

Lot size

1.17 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, 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.

Location Insight

City

Anderson

County

Anderson

State

South Carolina

Latitude

34.4827

Longitude

-82.6649

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