Investment Overview
NAI Charleston is pleased to present the opportunity to acquire a freestanding Starbucks drive-thru located at 210 Saint James Avenue in Goose Creek, South Carolina. The ±2,000 SF building is situated on a ±0.58-acre signalized corner parcel at the intersection of Saint James Avenue and Central Avenue, offering approximately 132 feet of frontage along one of Berkeley County’s primary retail corridors. Adjacent to a Publix-anchored shopping center, the property benefits from excellent visibility, strong surrounding retail, and convenient access. Purpose-built for Starbucks’ drive-thru prototype, the asset is leased under a modified net (NN) lease with the current term extended through February 28, 2035, plus six remaining five-year renewal options, demonstrating the tenant’s long-term commitment to the location. Backed by one of the nation’s premier coffee brands, the property offers investors a stable, long-term net lease opportunity in a thriving retail corridor.
Investment Highlights
- Acreage: ±0.58 AC
- Improvements: ±2,000 SF freestanding building w/ drive-thru
- Landlord/Seller: OK Properties of South Carolina, LLC
- Tenant: Starbucks Corportation, a Washington corp.
- Price: $2,100,000
- NOI: $105,600 (current base rent through 2/28/2029)
- Cap Rate: 5%
- Structure: NN Lease
- Tenant Responsibility: Taxes, Insurance, and Operating Expenses
- Landlord Responsibility: Roof, Structure, and Parking Area
- Lease Term Remaining: 9 Years (2/28/2035)