Log In/Sign Up
Your email has been sent.
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
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
3235 Augusta St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.