Listed by Sands Investment Group Los Angeles, Sands Investment Group
$4,266,667
Starbucks - Crestview, FL
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,500
Cap Rate 5.25%
NOI $224,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NN
Lease Term 15
Lease Expiration 06/01/2040
Remaining Term 14
Rent Bumps Yes
Lease Options 5 x 5 Year Options
Year Built 2025
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/21/2025
Brand New 2025 Starbucks | 15-Yr Lease | 50K+ VPD | FL Panhandle
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 2,500 SF Starbucks located at 4315 South Ferdon Boulevard in Crestview, FL. This deal includes a long-term 15-year lease with limited landlord responsibilities. This is a brand new 2025 construction building with a 15-year roof warranty included, offering a secure investment opportunity.
Investment highlights
- Brand-New 2025 Construction: Newly built Starbucks featuring modern construction and a 15-year roof warranty, minimizing near-term capital expenditures.
- Long-Term Net Lease: Stable long-term lease structure with limited landlord responsibilities, offering passive ownership and predictable cash flow.
- Corporate Credit Tenant: Lease is corporately guaranteed by Starbucks Corporation (NASDAQ: SBUX), rated BBB+ by S&P, with $35B+ in annual revenue (2023) and a market capitalization exceeding $97B.
- Industry-Leading Brand: Starbucks is the largest coffee retailer in the world, operating 40,000+ locations across 80 countries.
- High-Traffic Retail Corridor: Located on South Ferdon Blvd (Highway 85) with traffic counts exceeding 50,645 vehicles per day, providing excellent visibility and accessibility.
- Strong Interstate Connectivity: Positioned four blocks from Interstate 10, a major east-west corridor spanning 362+ miles across the Florida Panhandle.
- Gateway to the Emerald Coast: Crestview sits 30 miles north of Destin, Florida, a premier Gulf Coast destination known for its white sand beaches and year-round tourism.
- Dense National Retail Presence: Surrounded by major retailers and restaurants, including Chick-fil-A, McDonald’s, Texas Roadhouse, Lowe’s, Panda Express, Zaxby’s, Whataburger, Cracker Barrel, Applebee’s, Wendy’s, Popeyes, Arby’s, Waffle House, and more, reinforcing the area as a dominant retail hub.
- In addition to the Starbucks location in Crestview, FL, the same ownership group is also offering for sale a newly constructed Starbucks property located in Ft Walton Beach.
Listing Contacts
Listed by Sands Investment Group Los Angeles, Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$224,000.00
$18,666.67/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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