2515 North rd | Orangeburg, SC 29118
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2515 North rd
Orangeburg, SC 29118
Starbucks · Retail Property For Sale
Investment Highlights
- HIGHLY VISIBLE SITE IN LOW VACANCY RETAIL CORRIDOR
- CLOSE PROXIMITY TO SOUTH CAROLINA STATE UNIVERSITY
- CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT
Executive Summary
STRONG LEASE FUNDAMENTALS
- 10% rental increases every 5 years including options
- Four (4) - five (5) year options
- Minimal LL responsibilities
CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT
- Starbucks has a S&P credit rating of BBB+
- Over 35,000 locations worldwide
- $30.3B Total Revenue
HIGHLY VISIBLE SITE IN LOW VACANCY RETAIL CORRIDOR
- Over 900k SF of retail space in a one mile radius
- Retail vacancy within a mile is 0% (According to: Costar Data)
- The site is located less than a quarter mile away from the North Road Plaza, a fully occupied, 252K SF Walmart anchored shopping center
NEW BIRLA CARBON PLANT
- Delivering in 2025 and providing more than 100 jobs to the Orangeburg Area is the $1 Billion dollar synthetic graphite plant, located 5 miles north
- Birla Carbon’s 435,000 sqft plant will produce materials for electric vehicles, energy storage, and the defense industry
CLOSE PROXIMITY TO SOUTH CAROLINA STATE UNIVERSITY
- South Carolina State University is located under 3 miles away from the site
- The University has over 5,000 students and employs more than 250 full time employees
- The School generates $145 Million in total economic impact for the local and regional communities
NEW CONSTRUCTION
- New build-to-suit Starbucks
- Warranties will be assigned to the new owner
- 10% rental increases every 5 years including options
- Four (4) - five (5) year options
- Minimal LL responsibilities
CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT
- Starbucks has a S&P credit rating of BBB+
- Over 35,000 locations worldwide
- $30.3B Total Revenue
HIGHLY VISIBLE SITE IN LOW VACANCY RETAIL CORRIDOR
- Over 900k SF of retail space in a one mile radius
- Retail vacancy within a mile is 0% (According to: Costar Data)
- The site is located less than a quarter mile away from the North Road Plaza, a fully occupied, 252K SF Walmart anchored shopping center
NEW BIRLA CARBON PLANT
- Delivering in 2025 and providing more than 100 jobs to the Orangeburg Area is the $1 Billion dollar synthetic graphite plant, located 5 miles north
- Birla Carbon’s 435,000 sqft plant will produce materials for electric vehicles, energy storage, and the defense industry
CLOSE PROXIMITY TO SOUTH CAROLINA STATE UNIVERSITY
- South Carolina State University is located under 3 miles away from the site
- The University has over 5,000 students and employs more than 250 full time employees
- The School generates $145 Million in total economic impact for the local and regional communities
NEW CONSTRUCTION
- New build-to-suit Starbucks
- Warranties will be assigned to the new owner
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,305 SF
Year Built
2023
Price
$2,100,000
Price Per SF
$911
Cap Rate
6%
NOI
$126,000
Percent Leased
100%
Building Height
1 Story
1 of 6
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