STREAM Capital Partners > Properties > All Properties > Starbucks

Starbucks

Net Lease

1432 Pearman Dairy Rd, Anderson, South Carolina
Ownership Type:
Owner/User
Price:
$2,453,125
Cap Rate:
6.40%
Current Rent:
$157,000
Tenancy:
Single Tenant
Lease Type:
DoubleNet
Lease Term:
10 years
Landlord Responsibilities:
Roof, Structure, HVAC replacement, and CAM
Renewal Options:
4, 5-year options
Building Sq. Ft.:
1,650 SF
Rent Increases:
10% every 5 years
Site Size:
0.81 Acres

Investment Highlights

  • New 10 Year Lease: Starbucks signed a new 10-year lease and is rated BBB+ (S&P) providing long term security and cash flow.
  • Brand New Construction: Newly constructed building with drive-thru minimizes any future CAPX responsibilities.
  • Main Retail Corridor: The property is situated at the intersection of Whitehall and Pearman Dairy Road which provides high visibility and accessibility, coming from any direction. Other national retailers include Bank of America, Quik Trip, McDonalds, Dollar General, and Arby’s.
  • Community Growth: Projected population growth of 7% in Anderson, SC over the next five years.
  • Rental Increase: Lease offers 10% rental increases every 5 years providing a strong hedge against inflation.
Ownership Type:
Owner/User
Price:
$2,453,125
Cap Rate:
6.40%
Current Rent:
$157,000
Lease Type:
DoubleNet
Lease Term:
10 years
Landlord Responsibilities:
Roof, Structure, HVAC replacement, and CAM
Renewal Options:
4, 5-year options
Building Sq. Ft.:
1,650 SF
Rent Increases:
10% every 5 years
Site Size:
0.81 Acres

Listing Agents

Connor Shell

Managing Director
407.913.9009[email protected]

Jordan Koeppel

Senior Vice President
561 789 5504[email protected]

Analyst

Ben Hollis

Analyst
256.595.2574[email protected]

Broker Of Record: Jonah Helbraun, Lic: SC – 137125SC

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