Listed by Atlantic Capital Partners
$5,736,000
Heartland Dental & Starbucks | Summerville, SC
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Net Rentable (SqFt) 6,621
Cap Rate 5.75%
NOI $329,800
Occupancy 100%
Tenancy Multi
Brand/Tenant Starbucks, DaVita
Lease Type NNN
Lease Term 9.9
Lease Expiration 03/31/2036
Remaining Term 9.7
Rent Bumps Yes
Lease Options 4 x 5-year options
Class A
Year Built 2026
Acreage 0.780
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 05/08/2026
Ground Lease No
5.75% CAP | CORP NNN | NEW CONSTRUCTION
Investment highlights
ATTRACTIVE LEASE FUNDAMENTALS
- New 10-year leases with corporate guarantees
- Secure, long-term cash flow
- Four (4) five-year renewal options for Starbucks
- Four (4) five-year renewal options for Heartland Dental
- 10% rent increases every five years
- Escalations apply during base term and options
- Strong hedge against inflation and long-term income growth
STRONG CREDIT TENANTS
- Leased to two nationally recognized tenants
- Heartland Dental operates 1,800+ locations nationwide
- Diversified and stable dental services platform
- Starbucks operates 38,000+ locations worldwide
- Publicly traded on NASDAQ (SBUX)
- Strong global brand and consistent operating performance
- Durable income with low probability of default
POSITIONED IN DENSE RETAIL NODE
- Located in a dense retail corridor
- Across the street from a Publix-anchored center
- 300,000+ SF of retail within a 1-mile radius
- Nearby retailers include Publix, Family Dollar, AutoZone, and Grayco Hardware & Home Goods
NEW CONSTRUCTION
- Newly constructed multi-tenant retail asset
- Built to each tenant's current prototype and specifications
- Heartland Dental completed build-to-suit with significant capital investment
- Warranties in place
- Starbucks features modern prototype with drive-thru
- Enhanced digital and mobile ordering capabilities
- Designed for operational efficiency and long-term performance
CHARLESTON, SC MSA – HIGH-GROWTH COASTAL MARKET
- Located in the Charleston metropolitan area
- High-growth coastal market in the Southeast
- Strong population growth and job creation
- Diverse economy: tourism, logistics, manufacturing, healthcare
- Attractive quality of life and ongoing infrastructure investment
- Supports long-term retail performance and investment stability
STRONG LOCAL ECONOMIC DRIVERS
- Located in Summerville, one of the fastest-growing communities in the Charleston metropolitan area
- Strong residential and commercial development
- Near major employers including Boeing, Volvo Cars, Mercedes-Benz Vans, and the Port of Charleston
- Employment growth driving population and income expansion
- Supports long-term demand for healthcare and financial services
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$329,800.00
$27,483.33/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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