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Restaurant

Starbucks w/ Drive-Thru | Upstate South Carolina | Rare 6% CAP | Brand New 2023 Construction

447 N Duncan Bypass, Union (Upstate SC), SC 29379

Listing Price: $2,313,333

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
$978.15
Lease Type
Double Net
Rent Per Square Feet
$58.69

Investment Overview

Union is a small city located in the Upstate region of South Carolina, and is a peaceful and charming community with a variety of local businesses and amenities. The city is home to a number of parks, including the Timken Sports Complex, which features several baseball and softball fields, soccer fields, and tennis courts. There are also several hiking and biking trails in the area, such as the Tyger River Park Trail. Union is also known for its annual festivals, such as the Union County Agricultural Fair and the Union County Arts and Crafts Festival. The city is also home to several historic sites and museums, such as the Union County Museum and the Union County Veterans Museum. Overall, Union offers a unique blend of history, culture, and natural beauty, making it a great place to visit or live.

Investment Highlights

  • Starbucks w/ Drive-Thru Featuring 10% Rental Increases at Each Option. Brand New 2023 High Quality Construction w/ 20 Year Roof Warranty.
  • 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.
  • Situated in the Immediate Vicinity of the Union County Fairgrounds, a Hub for Community Events and Festivals, the Property has the Potential to draw more Customers to nearby Businesses.
  • Positioned Along Area's Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 13k Vehicles.
  • Near Numerous National Retailers Including Walmart Supercenter, Tractor Supply Co, Roses Discount, Save-a-Lot, Hibbett Sports, CVS Pharmacy and many more.
  • In Close Proximity to Downtown Union and Union Medical Center - a 85-Bed Acute Care Hospital playing a vital Role in Providing Healthcare Services to Local Residents and Visitors alike.

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 | Upstate South Carolina | Rare 6% CAP | Brand New 2023 Construction

Listing Price: $2,313,333

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
$978.15
Lease Type
Double Net
Rent Per Square Feet
$58.69

Investment Highlights

  • Starbucks w/ Drive-Thru Featuring 10% Rental Increases at Each Option. Brand New 2023 High Quality Construction w/ 20 Year Roof Warranty.
  • 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.
  • Situated in the Immediate Vicinity of the Union County Fairgrounds, a Hub for Community Events and Festivals, the Property has the Potential to draw more Customers to nearby Businesses.
  • Positioned Along Area's Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 13k Vehicles.
  • Near Numerous National Retailers Including Walmart Supercenter, Tractor Supply Co, Roses Discount, Save-a-Lot, Hibbett Sports, CVS Pharmacy and many more.
  • In Close Proximity to Downtown Union and Union Medical Center - a 85-Bed Acute Care Hospital playing a vital Role in Providing Healthcare Services to Local Residents and Visitors alike.

Investment Overview

Union is a small city located in the Upstate region of South Carolina, and is a peaceful and charming community with a variety of local businesses and amenities. The city is home to a number of parks, including the Timken Sports Complex, which features several baseball and softball fields, soccer fields, and tennis courts. There are also several hiking and biking trails in the area, such as the Tyger River Park Trail. Union is also known for its annual festivals, such as the Union County Agricultural Fair and the Union County Arts and Crafts Festival. The city is also home to several historic sites and museums, such as the Union County Museum and the Union County Veterans Museum. Overall, Union offers a unique blend of history, culture, and natural beauty, making it a great place to visit or live.

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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