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Rare 15 Yr. NNN Lease- Across from Walmart Starbucks 2,500 SF 4-Star Retail Building Darlington, SC 29532 $4,307,809 CAD ($1,723.12 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare 15-Year NNN Lease by Starbucks (NASDAQ: SBUX ) - Brand New 2025 Construction Drive-thru
- Near Famous Darlington Speedway
- New Lease Structure/Long Term - 10% Bumps every 5 Yrs. - Ranked #16 Worlds Most Admired Co.
- High-Profile Site across form Walmart/Food Lion Centers
- Best-in-Class/Iconic Brand - World Largest Coffee House Chain (36K+ Locations) - $131B Cap
- Affluent Suburb of Florence SC - Path of Growth for State - Strong Demographics ($82,699 HHI)
EXECUTIVE SUMMARY
The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to purchase a corporate leased Starbucks in Darlington, SC. Starbucks (NYSE: SBUX) operates over 16,000 stores in the U.S. with over 40,000 locations worldwide and has investment grade credit of BBB+ from S&P (Moody’s: Baa1). The brand-new net lease has a rare 15-year primary term with Five 5-year option periods and 10% rent increases every 5 years creating inflation resistant cash flows with limited landlord responsibilities (GAAP defined capital repairs & replacements only).
The 2,500 SF building with drive-thru on 0.75-acre parcel is located along Lochend Drive and is directly adjacent to S Governor Williams Highway (U.S. Route 52) which sees over 22,400 VPD. The Food Lion and CVS Pharmacy Anchored Crossroads Shopping Center is opposite the subject property with other nearby retailers including Walmart Supercenter, Tractor Supply Co., Walgreens, Family Dollar, Dollar General, McDonald’s, Bojangles, Taco Bell, ModWash, KFC and Wendy’s.
This is a great opportunity to acquire a new Starbucks in Darlington, SC with a long-term corporate lease, 25 years in option periods, strong rent increases and limited landlord responsibilities providing passive income for a hands-off investor.
The 2,500 SF building with drive-thru on 0.75-acre parcel is located along Lochend Drive and is directly adjacent to S Governor Williams Highway (U.S. Route 52) which sees over 22,400 VPD. The Food Lion and CVS Pharmacy Anchored Crossroads Shopping Center is opposite the subject property with other nearby retailers including Walmart Supercenter, Tractor Supply Co., Walgreens, Family Dollar, Dollar General, McDonald’s, Bojangles, Taco Bell, ModWash, KFC and Wendy’s.
This is a great opportunity to acquire a new Starbucks in Darlington, SC with a long-term corporate lease, 25 years in option periods, strong rent increases and limited landlord responsibilities providing passive income for a hands-off investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$4,307,809 CAD
Price Per SF
$1,723.12 CAD
Cap Rate
6%
NOI
$258,509 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.75 AC
Zoning
General Commercial - Commercial
Parking
27 Spaces (10.8 Spaces per 1,000 SF Leased)
Frontage
192’ on Lochend Drive
AMENITIES
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 166-00-02-089 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $24,128 CAD |
PROPERTY TAXES
Parcel Number
166-00-02-089
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$24,128 CAD
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Rare 15 Yr. NNN Lease- Across from Walmart | Starbucks
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