New Construction Starbucks

18 Pope Avenue, Hilton Head Island, SC

For Sale

Retail Restaurant

$3,755,000

Price

Overview

Cap Rate

4.5%

NOI

$169,000

Building Size

2,060 sqft

Lot Area

0.82 acres

Occupancy

100%

Class

Lease Type

Double Net

Year Built

2023

Zoning

commercial

Tenancy

Single

Parking Spots

Roof

15 Year Warranty

HVAC

Tenant Responsibility

Floor

Lease Expire Year

2033

Offered by

Joe Pope

Broker in Charge

National Asset Realty, LLC

Request Info to Unlock.

Description

This Starbucks is open and paying rent. It has a 10 year NN+ corporate guaranteed lease with no early termination clause.

Ranked one of the most popular Island destinations in the United States, Hilton Head’s got it all! From beautiful beaches and world-class golf courses to exceptional restaurants and high-energy water sports.

This Starbucks is strategically located off of Pope Avenue, which is the main drive to Coligny Beach and is in between Sea Pines Resort, Wexford Resort and Shipyard Golf Club. It has a dedicated drive-thru. The average daily traffic count along Pope Avenue is over 32,000 vehicles per day. This Starbucks is located close to the famed Harbor Town Golf Links where the Heritage Golf Tournament is held as well as the Harbor Town Lighthouse.