Columbia, SC - Clutch Coffee

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Clutch Coffee investment property located in Columbia, South Carolina. The tenant, Clutch Coffee recently signed a brand new, 15-year lease with 1 (10-year) option and 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

The Clutch Coffee is located near the signalized, hard corner intersection of Lake Murray Blvd and St Andrews Rd which combine to average over 52,600 vehicles passing by daily. St Andrews Rd is a major retail thoroughfare serving the city of Columbia. The Clutch Coffee is located near Irmo Station, a Kroger anchored center with national/credit tenants including Firehouse Subs, KFC, Pizza Hut, Pet Supplies Plus, and more. The asset is approximately 2 miles from Columbiana Station, a Target and Publix anchored center with other national/credit tenants including T.J. Maxx, Old Navy, Crumbl, Buffalo Wild Wings, and BJ’s. In addition, the site is located near Harbison Court, which includes tenants such as Petco, Hobby Lobby, Chipotle, and Five Below. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Sam’s Club, DICK’S, Academy, Planet Fitness, Total Wine, McDonald’s, Chick-fil-A, and more. The subject property is in close proximity to Irmo High School which has a student population of over 1,200. The 5-mile trade area is supported by a population of over 86,900 residents and 37,000 employees with an average household income of $113,180.