DEALS

Deals

Starbucks – Columbia, SC

THE OPPORTUNITY

  • Investment Grade Tenant
  • New construction
  • Starbucks Credit Rating: Baa1 by Moody’s
  • NASDAQ: SBUX
  • No Termination Clause
  • 10% Rent escalation years 6-10
  • 4, Five Year Options
  • 10% rental increase in first option
  • 10% rental increases in final three options
  • NN Lease
  • Landlord responsible for roof and structure, 20 year Roof Warranty
  • Starbucks is the world’s largest coffee shop chain

THE HIGHLIGHTS

  • Located at the primary retail corridor in the West Columbia market with retailers including Walmart, Hobby Lobby, Lowes, and more
  • Proposed Deal with National Fitness Operator to locate within Danwood Shopping Center within the next 12 months
  • Strategically located: First coffee shop off Interstate 26 on Highway 1 as you enter the Columbia market
  • Located on the AM side of the road
  • Located 3 miles from nearest standalone Starbucks
  • Despite the pandemic, unemployment in the area was 5.2% in June, less than half the national average

THE DEAL POINTS

  • Square Feet: 2,500 SF
  • Cap Rate: 4.80%
  • Price: $2,291,750
  • Year Built: 2020
  • NOI: $110,004
  • No Early Lease Termination

Click Here to View Virtual Deal Room