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Starbucks 1432 Pearman Dairy Rd 1,650 SF Retail Building Anderson, SC 29625 $2,360,902 ($1,430.85/SF) 6.65% Cap Rate
Investment Highlights
- Brand New Construction: Newly constructed building with drive-thru minimizes any future CAPX responsibilities.
- Rental Increase: Lease offers 10% rental increases every 5 years providing a strong hedge against inflation.
- Community Growth: Projected population growth of 7% in Anderson, SC over the next five years.
Executive Summary
New 10 Year Lease: Starbucks signed a new 10-year lease and is rated BBB+ (S&P) providing long term security and cash flow.
Main Retail Corridor: The property is situated at the intersection of Whitehall and Pearman Dairy Road which provides high visibility and accessibility, coming from any direction. Other national retailers include Bank of America, Quik Trip, McDonalds, Dollar General, and Arby’s.
Main Retail Corridor: The property is situated at the intersection of Whitehall and Pearman Dairy Road which provides high visibility and accessibility, coming from any direction. Other national retailers include Bank of America, Quik Trip, McDonalds, Dollar General, and Arby’s.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,650 SF
Building Class
B
Year Built
2025
Price
$2,360,902
Price Per SF
$1,430.85
Cap Rate
6.65%
NOI
$157,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.81 AC
Opportunity Zone
Yes
Frontage
111’ on Pearman Dairy Road
Amenities
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 095-14-02-006 | Improvements Assessment | $26,750 |
| Land Assessment | $16,270 | Total Assessment | $43,020 |
Property Taxes
Parcel Number
095-14-02-006
Land Assessment
$16,270
Improvements Assessment
$26,750
Total Assessment
$43,020
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Starbucks | 1432 Pearman Dairy Rd
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