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33257347
33257348

3103 N Pleasantburg Dr, Greenville, SC 29609

CS
CA 01927216
SRS Real Estate Partners Newport Beach
AC
CA 01904371
SRS Real Estate Partners Newport Beach
MC
CA CA 01980718
SRS Real Estate Partners Newport Beach
GC
CA 01911222
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$2,870,000
230 days on market
Updated 34 days ago

Dutch Bros | Next to Culver's & Biscuitville Developments

Details
APN 0174020700302
Property Type Retail
Sub Type QSR/Fast Food, Storefront
Square Footage 950
Units 1
Cap Rate 5.45%
NOI $156,413
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Dunkin' (+7)
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 11/30/2040
Remaining Term 14.4
Rent Bumps Yes
Lease Options 3 (5-Year)
Broker Co-Op Yes
Year Built 2025
Buildings 1
Stories 1
Acreage 1.000
Zoning BH: Business Heavy
Parking Spaces 14 spaces
Parking per 1,000 SqFt 14.74
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/01/2025
Ownership Fee Simple (Land & Building Ownership)

$2MM+ AUV | 37,100 VPD

Marketing 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 Dutch Bros investment property located in Greenville, SC. The tenant, Dutch Bros, executed a 15-year lease with 3 (5-year) extension options, demonstrating their long-term commitment to this location. The lease features 10% rental increases every five years throughout the initial term and at the beginning of each option period, providing consistent NOI growth and a hedge against inflation. The lease is structured as absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for an out-of-state or passive investor.

Investment highlights

  • Corporate Guaranteed Lease | Long-Term Commitment | Built-In Rental Increases

  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

  • Surrounded by National Retail & New Developments | High-Traffic Corridor

  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

CS
CA 01927216
SRS Real Estate Partners Newport Beach
AC
CA 01904371
SRS Real Estate Partners Newport Beach
MC
CA CA 01980718
SRS Real Estate Partners Newport Beach
GC
CA 01911222
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$156,413.00
$13,034.42/mo

Valuation Metrics

0
DSCR
5.45%
Cap Rate
5.45%
ROI

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Additional Information

Name
Scott Tiernan
License
SC License No. 129027
Brokerage
SRS Real Estate Partners-Southeast, LLC
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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