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Starbucks 9033 Old Number Six Hwy 2,500 SF 4-Star Retail Building Santee, SC 29142 $2,000,000 ($800/SF) 5.85% Cap Rate
Investment Highlights
- Interstate Exit on I-95
- (6) 5-Year Renewal Options
- 10-Year NN Lease
- Starbucks - 2020 Construction
Executive Summary
Oswald Cooke & Associates is pleased to offer a Starbucks investment opportunity in Santee, South Carolina, available to a qualified buyer. The 2,510 SF freestanding restaurant was built in 2020 and sits on 0.74 acres. The property is subject to a 10-year NN lease with fixed rent during the base term and six (6) five-year renewal options featuring 10% rental increases at each option.
The property is strategically located at Exit 98 on Interstate 95, a major East Coast travel corridor. Santee is a popular tourism destination anchored by Lake Marion, South Carolina’s premier fishing and recreational lake. The surrounding retail corridor includes McDonald’s, CVS, Bojangles, Taco Bell, Dollar General, multiple hotels, and other national brands, supporting strong traffic counts and long-term tenant performance.
The property is strategically located at Exit 98 on Interstate 95, a major East Coast travel corridor. Santee is a popular tourism destination anchored by Lake Marion, South Carolina’s premier fishing and recreational lake. The surrounding retail corridor includes McDonald’s, CVS, Bojangles, Taco Bell, Dollar General, multiple hotels, and other national brands, supporting strong traffic counts and long-term tenant performance.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2020
Price
$2,000,000
Price Per SF
$800
Cap Rate
5.85%
NOI
$117,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.93 AC
Zoning
GC
Parking
46 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- $46.80
- Triple Net
- Feb 2031
Starbucks Corporation began in 1971 as a coffee bean retailer in Seattle's Pike Place Market. The company transformed into a coffeehouse under Howard Schultz's leadership in the 1980s. Starbucks expanded internationally in the 1990s, establishing a worldwide presence with company-operated stores and licensed locations. The business serves coffee beverages, teas, and various food items while operating through multiple segments including retail operations and product licensing. Starbucks maintains a significant global footprint in the coffee retail industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | $46.80 | Triple Net | Feb 2031 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0324-17-02-006.000 | Improvements Assessment | $57,984 |
| Land Assessment | $66,276 | Total Assessment | $124,260 |
Property Taxes
Parcel Number
0324-17-02-006.000
Land Assessment
$66,276
Improvements Assessment
$57,984
Total Assessment
$124,260
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Starbucks | 9033 Old Number Six Hwy
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