914 Main StLaurens, SC 29360

Property Details for 914 Main St

Year built

2023

Lot size

1.00 AC

Property size (Sq ft)

2,281 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Laurens

County

Laurens

State

South Carolina

Latitude

34.4923

Longitude

-81.9814

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