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3235 Augusta St 2,500 SF Retail Building Greenville, SC 29605 $3,300,000 ($1,320/SF) 5.61% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New Construction Freestanding Building with Publicly Traded, Investment Grade Tenant
- Limited Landlord Responsibilities
- Located in a Key Location in a Strategic Growth Corridor and Across from New Grocery Anchored Redevelopment (Augusta Gateway)
- Brand New NNN Lease with Inflation-Resistant Cashflow
- Only Drive-Thru Starbucks Between I-85 and Downtown Greenville on August St with 20,100 VPD
- Multiple Access Points with Adjacent Owners That Includes a Shared Maintenance Fee
EXECUTIVE SUMMARY
Located in Greenville County, this ±2,500 square foot, newly constructed stand-alone Starbucks sits on approximately 0.73 acres. Built in 2025, this property features a corporate-backed tenant with investment-grade credit (NYSE: SBUX), offering a secure, long-term NNN lease with a 10-year initial term. The lease includes built-in rent escalations of 10% every five years, providing a steady and inflation-protected income stream.
Positioned as the only drive-thru Starbucks between I-85 and downtown Greenville, this site benefits from high visibility and traffic volume (20,100 vehicles per day) along Augusta Street. It’s situated within a rapidly developing area, directly across from a new grocery-anchored redevelopment known as Augusta Gateway, inside a key growth corridor.
The property enjoys limited landlord obligations, covering roof, structural elements, and parking lot maintenance, plus multiple access points shared with neighboring owners under a maintenance agreement. The average household income within a one-mile radius is $121,199, underscoring the strong local market demographics supporting this investment.
Positioned as the only drive-thru Starbucks between I-85 and downtown Greenville, this site benefits from high visibility and traffic volume (20,100 vehicles per day) along Augusta Street. It’s situated within a rapidly developing area, directly across from a new grocery-anchored redevelopment known as Augusta Gateway, inside a key growth corridor.
The property enjoys limited landlord obligations, covering roof, structural elements, and parking lot maintenance, plus multiple access points shared with neighboring owners under a maintenance agreement. The average household income within a one-mile radius is $121,199, underscoring the strong local market demographics supporting this investment.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
2025
Price
$3,300,000
Price Per SF
$1,320
Cap Rate
5.61%
NOI
$185,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.73 AC
Zoning
MX-2 - Commercial
Parking
20 Spaces (8 Spaces per 1,000 SF Leased)
Frontage
200’ on Mauldin Rd
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0211.00-06-031.00 | Improvements Assessment | $30,590 |
| Land Assessment | $12,110 | Total Assessment | $42,700 |
PROPERTY TAXES
Parcel Number
0211.00-06-031.00
Land Assessment
$12,110
Improvements Assessment
$30,590
Total Assessment
$42,700
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3235 Augusta St
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