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2209 Boiling Springs Rd
Boiling Springs, SC 29316
Dutch Bros | Absolute NNN | Greenville MSA · Retail Property For Sale
Investment Highlights
- 13+ Years Remaining | Corporate Guaranteed Lease | Options To Extend | Annual Rental Increases
- Boiling Springs Shopping Center | Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby School
- Strong Demographics in 5-Mile Trade Area | Six-Figure Income
- Absolute NNN | Fee Simple Ownership | No Landlord Responsibilities
- Along Boiling Springs Rd | Interstate 85 | Excellent Visibility
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an Absolute NNN leased, Dutch Bros investment property located in Boiling Springs, South Carolina. The tenant has over 13 years of initial term remaining with 1 (10-year) option to extend followed by 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with no landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
850 SF
Building Class
B
Year Built
2024
Price
$2,669,000
Price Per SF
$3,140
Cap Rate
5.45%
NOI
$145,460
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.71 AC
Parking
24 Spaces (28.24 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 2-51-00-055.05 | Improvements Assessment | $0 |
| Land Assessment | $42,000 | Total Assessment | $42,000 |
Property Taxes
Parcel Number
2-51-00-055.05
Land Assessment
$42,000
Improvements Assessment
$0
Total Assessment
$42,000
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