18 Pope Ave Hilton Head Island, SC 29928

This exceptional investment opportunity presents a brand-new, 2023-built Starbucks located at 18 Pope Ave, Hilton Head Island, SC 29928. Boasting 2,060 square feet on a 0.82-acre lot, this Class A retail property offers a compelling net lease investment with a corporate guarantee from Starbucks. The property features a dedicated drive-thru, crucial for maximizing revenue in this high-traffic area. With an average daily traffic count exceeding 32,000 vehicles on Pope Avenue, this location benefits from exceptional visibility and accessibility, situated between prominent resorts like Sea Pines and Wexford, and close to the renowned Harbor Town Golf Links. The 10-year lease, expiring May 31, 2033, includes four five-year options with a 10% rent increase at each option period, ensuring consistent and growing income. The property's strong financial performance is reflected in its 4.50% cap rate and a substantial net operating income (NOI) of $169,000. The asking price is $3,775,000, translating to a price per square foot of $1,832.52. The property includes 32 parking spaces and is zoned for commercial use. This single-tenant, 100% occupied building presents a secure and lucrative investment opportunity in a thriving South Carolina coastal market. The sale is structured as a sale for leaseback.