Boiling Springs, SC - Clutch Coffee

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Clutch Coffee investment property located in Boiling Springs, South Carolina. The tenant, Clutch Coffee, has 14 years of initial term remaining with 1 (10-year) option to extend followed by 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and 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 intersection of Boiling Springs Road and Interstate 85 which combine to average over 128,800 vehicles passing by daily. Boiling Springs Road is the major retail thoroughfare serving the city of Boiling Springs. The Clutch Coffee is located approximately 2 miles from Boiling Springs Shopping Center, a Walmart Supercenter anchored center that features other national/credit tenants such as Chick-fil-A, Wendy’s, Applebee’s, AT&T, Dollar Tree, KFC, Arby’s, and more. In addition, the Clutch Coffee is also near a Target anchored center that features other national/credit tenants such as Whataburger, Anytime Fitness, and Quik Trip. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Lowe’s, ALDI, Ingles, Harbor Freight, Walgreens, Starbucks, Advance Auto Parts, Firehouse Subs, and more, further increasing consumer traffic to the site. The immediate trade area is supported by a population of over 77,700 residents and 42,400 employees with an average household income of $100,315 within 1 mile.