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Starbucks & Sleep Number- Rivers Ave 7381 Rivers Ave 6,950 SF 100% Leased Retail Building North Charleston, SC 29406 $5,000,000 ($719.42/SF) 6.34% Cap Rate



Investment Highlights
- Rivers Avenue Corridor (57,600 VPD)
- NOI has annual increases
- Corporate Leases
- Starbucks and Sleep Number
Executive Summary
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Sleep Number began in 1987 as Select Comfort and adopted the Sleep Number name in 2017. Sleep Number focuses on adjustable mattresses and bedding, and the company’s current product lineup also includes pillows, bases, furniture, and other sleep accessories. Sleep Number also centers the business on sleep science and data-driven product research, using smart-bed technology and research collaborations to study sleep quality and related health outcomes. Sleep Number maintains a significant retail presence in the United States and continues to update the mattress portfolio with new collections designed to adapt to changing comfort needs.
Starbucks began in 1971 in Seattle's Pike Place Market as a roaster and retailer of whole bean coffee, tea, and spices, and the business later developed into a coffeehouse brand centered on handcrafted beverages and customer connection. Starbucks operates a large network of company-operated and licensed coffeehouses and has a growing presence in consumer-packaged goods, extending the brand beyond cafés into at-home coffee products. The company's menu and format strategy includes coffeehouse and menu innovation, along with food offerings that span bakery items, snacks, and other daypart products. Starbucks focuses on specialty coffee, beverage service, and branded consumer products across its retail and packaged-goods business.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Retailer | - | - | Triple Net | - | |
|
Accommodation and Food Services | - | - | Triple Net | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 478-03-00-121 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $255,290 |
