Broadstreet Partners presents an investment opportunity to acquire a Starbucks location at 8611 Dorchester Road in North Charleston, SC. This property is offered at $2,775,000 with a 5.75% cap rate and $159,500 NOI.
Strategically positioned between Cedar Grove Commons and Publix on the going to work side of Dorchester Road (45,300 vehicles per day), the property features a signalized intersection and excellent highway visibility. The location benefits from co-tenancy with Chipotle and proximity to a newly developed shopping center featuring major retailers including Home Goods, PetSmart, Ulta, Five Below, Ross, and Lidl.
The Charleston MSA is powered by diverse economic drivers and a thriving tourism industry. This investment offers an attractive opportunity in a proven profitable location within one of the fastest-growing markets in the Southeast.