loader
Join Free
Views: 140 DOM: 243 Updated: 07.16.24 Posted: 04.13.24 Status: Contract

Summary

Price $2,850,000
Built/Renov 2024
Tenant Starbucks
Cap Rate 6.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 2,223
Lease Start 06-17-2024
#Units 38,038
Price/SF $1,282.05
Expiration 06-30-2039
Tenant Type Fast Food/QSR
NOI $171,000
R. Term 14.6
Ownership Fee Simple
Rent/SF $76.92
Increases 10.0%/5/yrs
Pop 5Mi 57,376
Lot/AC 0.84
Options 4/5yrs/10%
AHHI 5Mi $74,651

Lease Highlights

  • Brand new 2024 construction
  • Starbucks recently signed a new 20-year lease with 4 (5-year) option periods | No kick-out clause
  • The lease features 10% rental increases every 5 years throughout primary term + options
  • Favorable NN+ lease | Landlord responsible for roof, structure, parking lot | New roof warranty included
  • Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located at the signalized, hard corner intersection of Corporal Highway 544 and State Road, with access to a combined daily traffic count of 39,061 vehicles. Conveniently situated just 1 mile down the road from Conway Medical Center, a top economic driver and one of the largest employers in Horry County for nearly a century, it also sits less than 1.5 miles from...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Starbucks
  • Guarantor:Corp T and Rated
  • Company:Starbucks Corporation
  • # Units:38,038
  • Tenant S&P: BBB+
  • Moody’s: Baa1
  • Stock: NASDAQ: SBUX

About Tenant

Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,574 27,988 63,492
2023 Total Population : 6,414 26,122 59,222
2023 Employed Civilian Pop : 2,459 11,118 25,085
2023 Total Businesses : 123 768 1,995
2023 Average Household Income : $ 69,600 $ 73,765 $ 79,459
2023 Total Consumer Spending : $ 117 M $ 587 M $ 1546 M
2023 Median Age : 25 33 37
2023 Total Households : 1,926 9,127 22,366
2023 Pop Age 25+: Bachelor's Degree : 542 2,897 6,757
2023 Average Home Value : $ 252,420 $ 270,782 $ 273,162
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
University Blvd 2022 35,700 0.84 mi
Singleton Ridge Rd Myrtle TrceDr 2010 8,900 1.13 mi
Singleton Ridge Road Myrtle TrceDr 2022 11,900 1.23 mi
University Blvd Chanticleer Dr E 2019 4,200 1.36 mi
SC 544 (HWY 544) TO US 501 (E HWY 501) Chanticleer Dr E 2021 5,000 1.37 mi
State Hwy 544 Kings Rd 2010 25,900 1.84 mi
Cox Ferry Road Private Dr 2022 4,000 2.00 mi
SC 544 Overpass Cox Ferry Rd 2022 19,000 2.01 mi
SC 544 Overpass Hwy 501 2019 17,700 2.02 mi
University Forest Cir 2022 6,200 2.17 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity