Restaurant
Starbucks | Brand New Rare 20 Year Absolute Net Lease in Florida
2308 Apalachee Pkwy, Tallahassee, FL 32301
Listing Price: $4,125,000
Investment Overview
This brand new Starbucks offers a qualified buyer a true sleep at night, investment grade passive investment in a tax-free state. This oppurtunity is rare in that the lease is a true NNN, with zero landlord obligations and has a 20 year base term. Starbucks has more than 36,000 retail locations in over 80 global markets and this location features excellent visibility on a major highway, adjacent to a Target, with 41K VPD passing by the site.
Starbucks | Brand New Rare 20 Year Absolute Net Lease in Florida
Investment Highlights
- Brand New and Rare 20 year, absolute net Starbucks lease
- Brand New 2023 construction with a drive-thru
- Lease calls for six 5-year renewal options and regular rent increases to hedge against inflation
- Limited competition in immediate area with the nearest free-standing Starbucks more than 1.5-miles to the NW of the site
- Strong in-fill location and located along a strong retail corridor and surrounded by government office buildings, with the area's largest workforce
- Located in Florida's state capital with large population density and no state income tax
Exclusively Listed By
Broker of Record
Restaurant
Starbucks | Brand New Rare 20 Year Absolute Net Lease in Florida
Listing Price: $4,125,000
Investment Highlights
- Brand New and Rare 20 year, absolute net Starbucks lease
- Brand New 2023 construction with a drive-thru
- Lease calls for six 5-year renewal options and regular rent increases to hedge against inflation
- Limited competition in immediate area with the nearest free-standing Starbucks more than 1.5-miles to the NW of the site
- Strong in-fill location and located along a strong retail corridor and surrounded by government office buildings, with the area's largest workforce
- Located in Florida's state capital with large population density and no state income tax
Investment Overview
This brand new Starbucks offers a qualified buyer a true sleep at night, investment grade passive investment in a tax-free state. This oppurtunity is rare in that the lease is a true NNN, with zero landlord obligations and has a 20 year base term. Starbucks has more than 36,000 retail locations in over 80 global markets and this location features excellent visibility on a major highway, adjacent to a Target, with 41K VPD passing by the site.
Exclusively Listed By
Broker of Record
