3235 Augusta St - Fast Food FOR SALE


Greenville, SC 29605- Pleasant Valley
$3,450,000 USD
864-729-4500
3235 Augusta St, Greenville, SC for Sale
$3,450,000 USD
Fast Food - FOR SALE
1/6
null | 5.36% Cap Rate

3235 Augusta St
Greenville, SC 29605
Pleasant Valley


HIGHLIGHTS

  • Brand New Construction Freestanding Building with Publicly Traded, Investment Grade Tenant
  • Brand New NNN Lease with Inflation-Resistant Cashflow
  • Limited Landlord Responsibilities
  • Only Drive-Thru Starbucks Between I-85 and Downtown Greenville on August St with 20,100 VPD
  • Located in a Key Location in a Strategic Growth Corridor and Across from New Grocery Anchored Redevelopment (Augusta Gateway)
  • Multiple Access Points with Adjacent Owners That Includes a Shared Maintenance Fee

OVERVIEW

Located in Greenville County, this ±2,500 square foot, newly constructed stand-alone Starbucks sits on approximately 0.73 acres. Built in 2025, this property features a corporate-backed tenant with investment-grade credit (NYSE: SBUX), offering a secure, long-term NNN lease with a 10-year initial term. The lease includes built-in rent escalations of 10% every five years, providing a steady and inflation-protected income stream. Positioned as the only drive-thru Starbucks between I-85 and downtown Greenville, this site benefits from high visibility and traffic volume (20,100 vehicles per day) along Augusta Street. It’s situated within a rapidly developing area, directly across from a new grocery-anchored redevelopment known as Augusta Gateway, inside a key growth corridor. The property enjoys limited landlord obligations, covering roof, structural elements, and parking lot maintenance, plus multiple access points shared with neighboring owners under a maintenance agreement. The average household income within a one-mile radius is $121,199, underscoring the strong local market demographics supporting this investment.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$1,380 USD /SF

CAP RATE

5.36%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

MX-2

APN/PARCEL ID

0211.00-06-031.00

ASK ABOUT THIS PROPERTY

864-729-4500

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864-729-4500

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