7417 Augusta Rd Greenville, SC 29673
- Retail properties
- 2,500 SF
- 1.82 lot acres
Current Use by Public Records
- Retail properties
Property Details for 7417 Augusta Rd
- Year built
- 2024
- Lot size
- 1.82 lot acres
- Property size
- 2,500 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a brand-new, 2,500-square-foot Starbucks located at 7417 Augusta Rd, Piedmont, SC 29673. Built in 2024, this single-tenant, net-lease property boasts a 9.9-year remaining lease term (expiring 09/29/2034) with a corporate guarantee from Starbucks Corporation. The property features a 5.50% cap rate and a strong NOI of $115,000. The asking price is $2,091,000, translating to $836.40 per square foot. The lease includes 10% rent bumps every five years, providing significant long-term growth potential. Situated on a 1.82-acre lot with 36 parking spaces, this location benefits from excellent visibility on Augusta Road and multiple points of access. The property is surrounded by a dense industrial corridor and numerous destination retailers, including Publix, Food Lion, and various fast-food chains. Its proximity to Prisma Health Greenville Memorial Hospital, Greenville Technical College, and Woodmont High School further enhances its appeal. The area exhibits robust population growth, projected at 9.86% within a 3-mile radius over the next five years. This investment offers a compelling combination of a strong tenant, favorable lease terms, and a prime location in a rapidly expanding market. The property includes a covered patio and is less than 20 minutes from Greenville's central business district.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greenville
- County
- Greenville
- State
- South Carolina
- Longitude
- -82.389
- Latitude
- 34.7314
