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Restaurant

Starbucks w/ Drive-Thru | South Carolina | 2023 Construction | Directly Across Major Medical Center

109 E Alexander Avenue, Greenwood (Piedmont Region), SC 29646

Listing Price: $2,383,000

Cap Rate
6.00%
Tenant Name
Starbucks
Years Remaining On Lease
9.4
Gross SF
2,365
Guarantor
Corporate Guarantee
Rentable SF
2,365
Price/Gross SF
$1,007.61
Lease Type
Double Net
Rent Per Square Feet
$60.46

Investment Overview

Greenwood, South Carolina is a vibrant city located in the Piedmont region of the state. With a rich history rooted in the railroad industry, it has evolved into a diverse and thriving community. The city’s economy is characterized by a mix of industries, including manufacturing, healthcare, and education. Major employers such as Self Regional Healthcare, Greenwood School Districts, and Lonza contribute to the local economy. Greenwood is also home to educational institutions like Lander University and Piedmont Technical College, providing opportunities for higher education and technical training.

In terms of recreation, Greenwood offers a range of attractions and activities. Lake Greenwood, a scenic reservoir, is a popular spot for fishing, boating, and water sports. The city’s Uptown district features a charming blend of shops, restaurants, and historical buildings, providing a lively atmosphere for residents and visitors. Greenwood is known for its annual events and festivals, including the South Carolina Festival of Flowers, which showcases stunning floral displays, live music, arts and crafts, and more. The Festival of Discovery celebrates the city’s culinary heritage with barbecue competitions, food tastings, and entertainment.

The community in Greenwood is tight-knit and emphasizes community engagement. The city boasts numerous parks and recreational facilities, offering opportunities for outdoor activities, sports leagues, and family gatherings. Greenwood’s central location between Greenville and Columbia provides easy access to larger cities and their amenities, while still maintaining its own unique character and charm.

Investment Highlights

  • Starbucks w/ Drive-Thru Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and at Each Option. Brand New 2023 High Quality Construction w/ 15 Year Roof Warranty.
  • Positioned Along Area's Retail & Traffic Corridor. Signalized Hard Corner Location - Features Easy Access & Excellent Visibility with Daily Combined Traffic Counts Exceeding 13k Vehicles.
  • Minutes from Lander University - Public Liberal Arts University that sits on 190 Acres of Land. It Currently Enrolls more than 3,835 Students and has more than 175+ Full-Time Faculty Members.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #120 on the Fortune 500 List with an Annual Revenue of more than $32.25 Billion.
  • Directly Across from Self Regional Medical Center - a 322-Bed Short-Term Acute Care Hospital and Medical Center serving a large portion of Upstate South Carolina.
  • Near Numerous National Retailers including CVS Pharmacy, Walgreens, Food Lion, Walmart Supercenter, Hobby Lobby, Big Lots, Lidl and many more.
  • In Close Proximity to Greenwood Mall - a 350k+ Sq.Ft. Regional Shopping Mall Anchored by Hibbett Sports, Belk, TJ Maxx and features more than 20 Retail Stores and Restaurants.
  • Greenwood's Central Location between Greenville and Columbia provides Easy Access to Larger Cities and their Amenities.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Restaurant

Starbucks w/ Drive-Thru | South Carolina | 2023 Construction | Directly Across Major Medical Center

Listing Price: $2,383,000

Cap Rate
6.00%
Tenant Name
Starbucks
Years Remaining On Lease
9.4
Gross SF
2,365
Guarantor
Corporate Guarantee
Rentable SF
2,365
Price/Gross SF
$1,007.61
Lease Type
Double Net
Rent Per Square Feet
$60.46

Investment Highlights

  • Starbucks w/ Drive-Thru Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and at Each Option. Brand New 2023 High Quality Construction w/ 15 Year Roof Warranty.
  • Positioned Along Area's Retail & Traffic Corridor. Signalized Hard Corner Location - Features Easy Access & Excellent Visibility with Daily Combined Traffic Counts Exceeding 13k Vehicles.
  • Minutes from Lander University - Public Liberal Arts University that sits on 190 Acres of Land. It Currently Enrolls more than 3,835 Students and has more than 175+ Full-Time Faculty Members.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #120 on the Fortune 500 List with an Annual Revenue of more than $32.25 Billion.
  • Directly Across from Self Regional Medical Center - a 322-Bed Short-Term Acute Care Hospital and Medical Center serving a large portion of Upstate South Carolina.
  • Near Numerous National Retailers including CVS Pharmacy, Walgreens, Food Lion, Walmart Supercenter, Hobby Lobby, Big Lots, Lidl and many more.
  • In Close Proximity to Greenwood Mall - a 350k+ Sq.Ft. Regional Shopping Mall Anchored by Hibbett Sports, Belk, TJ Maxx and features more than 20 Retail Stores and Restaurants.
  • Greenwood's Central Location between Greenville and Columbia provides Easy Access to Larger Cities and their Amenities.

Investment Overview

Greenwood, South Carolina is a vibrant city located in the Piedmont region of the state. With a rich history rooted in the railroad industry, it has evolved into a diverse and thriving community. The city’s economy is characterized by a mix of industries, including manufacturing, healthcare, and education. Major employers such as Self Regional Healthcare, Greenwood School Districts, and Lonza contribute to the local economy. Greenwood is also home to educational institutions like Lander University and Piedmont Technical College, providing opportunities for higher education and technical training. In terms of recreation, Greenwood offers a range of attractions and activities. Lake Greenwood, a scenic reservoir, is a popular spot for fishing, boating, and water sports. The city’s Uptown district features a charming blend of shops, restaurants, and historical buildings, providing a lively atmosphere for residents and visitors. Greenwood is known for its annual events and festivals, including the South Carolina Festival of Flowers, which showcases stunning floral displays, live music, arts and crafts, and more. The Festival of Discovery celebrates the city’s culinary heritage with barbecue competitions, food tastings, and entertainment. The community in Greenwood is tight-knit and emphasizes community engagement. The city boasts numerous parks and recreational facilities, offering opportunities for outdoor activities, sports leagues, and family gatherings. Greenwood’s central location between Greenville and Columbia provides easy access to larger cities and their amenities, while still maintaining its own unique character and charm.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

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