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1075 Edgefield Rd 800 SF Retail Building North Augusta, SC 29860 $2,080,000 ($2,600/SF) 6.25% Cap Rate
Investment Highlights
- 10-year absolute NNN lease to Caribou Coffee, a rapidly growing drive-thru coffee chain with over 800 locations worldwide.
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- Caribou Coffee accelerated its Southeastern U.S. expansion in 2025, announcing multiple new locations.
- Rare 12.5% rental increases every five years in initial term and three (3) option periods of five (5) years each, ensuring consistent income growth.
- Caribou Coffee opened 37 new U.S. locations during 2025, including 25 corporate locations and 12 franchised stores.
- Caribou’s development strategy continues to leverage multiple store formats—including traditional cafés, drive-thru cabins, and kiosks.
Executive Summary
This Caribou Coffee benefits from exceptional visibility and accessibility, with prime frontage along U.S. Route 25 (Edgefield Road) exposing the property to more than 37,000 vehicles daily and immediate access to Interstate 20, which carries over 65,000 additional commuters each day. The location is supported by a strong and growing customer base, including 46,503 residents within a five-mile radius—an increase of approximately 15% since 2010—and a daytime population of roughly 25,000 people in North Augusta. Positioned directly across from a Food Lion-anchored shopping center and adjacent to a Walmart Supercenter-anchored retail center, the property benefits from substantial crossover traffic generated by these established retail destinations. Caribou Coffee’s continued expansion, including 37 new U.S. locations opened in 2025, underscores the brand’s ongoing growth and market strength. Combined with projected increases in population and household income throughout the surrounding trade area, the property is well positioned to benefit from long-term consumer demand and economic growth.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
800 SF
Building Class
B
Year Built
2003
Price
$2,080,000
Price Per SF
$2,600
Cap Rate
6.25%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.64 AC
Zoning
Planned Development
Parking
15 Spaces (18.75 Spaces per 1,000 SF Leased)
Frontage
106’ on Edgefield Rd
Amenities
- Corner Lot
- Pylon Sign
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 010-14-03-007 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $48,920 |
Property Taxes
Parcel Number
010-14-03-007
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$48,920
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