1002 Lochend Drive - Freestanding FOR SALE


Darlington, SC 29532
$3,220,000 USD
949-903-3399
1002 Lochend Drive, Darlington, SC for Sale
$3,220,000 USD
Freestanding - FOR SALE
1/4
null | 5.75% Cap Rate

1002 Lochend Drive
Darlington, SC 29532


HIGHLIGHTS

  • Rare 15-Year NNN Lease by Starbucks (NASDAQ: SBUX ) - Brand New 2025 Construction Drive-thru
  • High-Profile Site across form Walmart/Food Lion Centers
  • Near Famous Darlington Speedway
  • Best-in-Class/Iconic Brand - World Largest Coffee House Chain (36K+ Locations) - $131B Cap
  • New Lease Structure/Long Term - 10% Bumps every 5 Yrs. - Ranked #16 Worlds Most Admired Co.
  • Affluent Suburb of Florence SC - Path of Growth for State - Strong Demographics ($82,699 HHI)

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,220,000 USD

PRICE/SF

$1,288 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

General Commercial

APN/PARCEL ID

166-00-02-089

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.