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Restaurant

Starbucks w/ Dr-Thru | Upstate South Carolina | 2023 Construction | Adjacent to Walmart Supercenter

1501 W Floyd Baker Blvd, Gaffney (Upstate SC), SC 29341

Listing Price: $2,728,373

Cap Rate
5.35%
Tenant Name
Starbucks
Years Remaining On Lease
10.2
Gross SF
2,365
Guarantor
Corporate Guarantee
Rentable SF
2,365
Price/Gross SF
$1,153.65
Lease Type
Double Net
Rent Per Square Feet
$61.72

Investment Overview

Gaffney is a city in and the seat of Cherokee County, South Carolina, in the Upstate region of South Carolina. Gaffney is known as the “Peach Capital of South Carolina”. It is the principal city of the Gaffney, South Carolina, Micropolitan Statistical Area (population 55,662 according to 2012 estimates by the U.S. Census Bureau), which includes all of Cherokee County and which is further included in the greater Greenville-Spartanburg-Anderson, South Carolina Combined Statistical Area (population 1,384,996 according to year 2012 U.S. Census Bureau estimates). The Upstate is the region in the westernmost part of South Carolina, United States, also known as the Upcountry, which is the historical term. Although loosely defined among locals, the general definition includes the 10 counties of the commerce-rich I-85 corridor in the northwest corner of South Carolina. This definition coincided with the Greenville–Spartanburg–Anderson, SC combined statistical area, as first defined by the Office of Management and Budget (OMB) in 2015. In 2018, the OMB redefined the CSA such that it no longer included Abbeville County. That definition remains as of 2020. The region’s population was 1,347,112 as of 2016. Situated between Atlanta and Charlotte, the Upstate is the geographical center of the Charlanta megaregion. After BMW’s initial investment, foreign companies, including others from Germany, have a substantial presence in the Upstate; several large corporations have established regional, national, or continental headquarters in the area. Greenville is the largest city in the region with a population of 72,227 and an urban-area population of 400,492, and it is the base of most commercial activity. Spartanburg and Anderson are next in population.

Investment Highlights

  • Starbucks w/ Drive-Thru Featuring 10% Every 5 Years Throughout the Initial Term and Options. Brand New High Quality Construction w/ 10 Year Roof Warranty.
  • Positioned Along Area's Traffic & Retail Corridor. Located at a Signalized Intersection - Features Easy Access & Excellent Visibility w/ Daily Traffic Counts Exceeding 23k Vehicles. Near I-85.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $29.06 Billion.
  • Adjacent to Walmart Supercenter and Near Numerous other National Retailers Including Lowe's, ALDI, Belk, Tractor Supply, Hibbett Sports, Big Lots, Walgreens and many more.
  • Minutes from Gaffney Outlet Marketplace - Upstate South Carolina's Main Shopping Destination featuring more than 48 Designer Stores and Restaurants.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Restaurant

Starbucks w/ Dr-Thru | Upstate South Carolina | 2023 Construction | Adjacent to Walmart Supercenter

Listing Price: $2,728,373

Cap Rate
5.35%
Tenant Name
Starbucks
Years Remaining On Lease
10.2
Gross SF
2,365
Guarantor
Corporate Guarantee
Rentable SF
2,365
Price/Gross SF
$1,153.65
Lease Type
Double Net
Rent Per Square Feet
$61.72

Investment Highlights

  • Starbucks w/ Drive-Thru Featuring 10% Every 5 Years Throughout the Initial Term and Options. Brand New High Quality Construction w/ 10 Year Roof Warranty.
  • Positioned Along Area's Traffic & Retail Corridor. Located at a Signalized Intersection - Features Easy Access & Excellent Visibility w/ Daily Traffic Counts Exceeding 23k Vehicles. Near I-85.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $29.06 Billion.
  • Adjacent to Walmart Supercenter and Near Numerous other National Retailers Including Lowe's, ALDI, Belk, Tractor Supply, Hibbett Sports, Big Lots, Walgreens and many more.
  • Minutes from Gaffney Outlet Marketplace - Upstate South Carolina's Main Shopping Destination featuring more than 48 Designer Stores and Restaurants.

Investment Overview

Gaffney is a city in and the seat of Cherokee County, South Carolina, in the Upstate region of South Carolina. Gaffney is known as the “Peach Capital of South Carolina”. It is the principal city of the Gaffney, South Carolina, Micropolitan Statistical Area (population 55,662 according to 2012 estimates by the U.S. Census Bureau), which includes all of Cherokee County and which is further included in the greater Greenville-Spartanburg-Anderson, South Carolina Combined Statistical Area (population 1,384,996 according to year 2012 U.S. Census Bureau estimates). The Upstate is the region in the westernmost part of South Carolina, United States, also known as the Upcountry, which is the historical term. Although loosely defined among locals, the general definition includes the 10 counties of the commerce-rich I-85 corridor in the northwest corner of South Carolina. This definition coincided with the Greenville–Spartanburg–Anderson, SC combined statistical area, as first defined by the Office of Management and Budget (OMB) in 2015. In 2018, the OMB redefined the CSA such that it no longer included Abbeville County. That definition remains as of 2020. The region’s population was 1,347,112 as of 2016. Situated between Atlanta and Charlotte, the Upstate is the geographical center of the Charlanta megaregion. After BMW’s initial investment, foreign companies, including others from Germany, have a substantial presence in the Upstate; several large corporations have established regional, national, or continental headquarters in the area. Greenville is the largest city in the region with a population of 72,227 and an urban-area population of 400,492, and it is the base of most commercial activity. Spartanburg and Anderson are next in population.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

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