2032 Mccrays Mill Rd Sumter, SC 29154
- Commercial real estate
- 2,500 SF
- 1.18 lot acres
Current Use by Public Records
- Starbucks / Internet Cafe / Breakfast Restaurant
Property Details for 2032 Mccrays Mill Rd
- Year built
- 2023
- Lot size
- 1.18 lot acres
- Property size
- 2,500 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a brand-new, 2,500 square foot Starbucks located at 2032 McCrays Mill Rd, Sumter, SC 29154. Opened in April 2023, this Class A property boasts a 10-year net lease (NN+) with a corporate guarantee from Starbucks, ensuring consistent income. The lease includes four five-year options with a 10% rent increase at each option period. The property sits on a 1.18-acre lot with 32 parking spaces and benefits from a high-traffic location near other major retailers, including McDonald's, Walmart, and a major high school. Sumter's strong economy, anchored by Shaw Air Force Base, Continental Tire, and Toumey Regional Medical Center, provides a stable market for this investment. The property's strong financials include a 5.75% cap rate, a $126,718 net operating income (NOI), and a price per square foot of $881.60. The building, constructed in 2023, is a single-story structure with commercial zoning. This is a rare opportunity to acquire a high-performing, low-risk investment with a well-established tenant in a thriving South Carolina market. The property's location near major roadways and other businesses ensures high visibility and accessibility. The lease terms provide long-term stability and predictable income growth. This is an ideal investment for those seeking a secure, high-return asset with significant upside potential.
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
- Sumter
- County
- Sumter
- State
- South Carolina
- Longitude
- -80.3819019
- Latitude
- 33.90383
