Listed by Atlantic Capital Partners
$3,304,000
12-YR Self-Maintain Starbucks | Signalized Corner
Details
Property Type Retail
Sub Type Bank, QSR/Fast Food
Square Footage 2,700
Cap Rate 5.75%
NOI $190,000
Tenancy Single
Brand/Tenant CVS Pharmacy, 7-Eleven
Lease Type NN+
Lease Term 12
Lease Expiration 07/31/2037
Remaining Term 11.2
Rent Bumps Yes
Class A
Year Built 2025
Acreage 1.400
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/23/2025
Ground Lease No
5.75% CAP | 1.4 Acres
Marketing description
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this newly constructed Starbucks featuring a 12 Year Self-Maintain Net Lease with 10% rental increases every 5 years. Starbucks has been open for business since July.
Investment highlights
- Fee simple ownership of the building allows for depreciation boosting after tax returns
- Starbucks has an investment grade credit rating and is the largest coffee provider in the World with over 35,700 stores
- Rare opportunity to own a hyper secure, newly constructed 12-YR Starbucks in FL's Panhandle
- 1.40 Acre signalized corner lot provides long-term upside potential and security
- Located immediately off I-10 interchange next to Walmart & Lowe's
- Brand new constructon with drive-thru and 20-year transferable roof warranty
- Florida leads the nation in population and capital migration and Florida owners benefit from no state income tax and a business friendly political climate
- Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$190,000.00
$15,833.33/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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