Restaurant
Starbucks | Florida State University | Adjacent to 10,000+ Student Housing Beds
2018 W Pensacola St, Tallahassee, FL 32304
Listing Price: $3,600,000
Investment Overview
Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.”
Tallahassee, the capital of Florida, is the largest city in the Florida Big Bend and Florida Panhandle region, and the main center for trade and agriculture in the Florida Big Bend and Southwest Georgia regions. In 2022, the population was 201,731, making it the eighth-most populous city in the state of Florida, and the population of the Tallahassee metropolitan area was 385,145 as of 2018.
Starbucks | Florida State University | Adjacent to 10,000+ Student Housing Beds
Investment Highlights
- Brand New 10-Year Lease with Corporate Starbucks Guaranty (NASDAQ: SBUX)
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Daytime Population Exceeds 261,000 Within a Five-Mile Radius of the Subject Property
- Immediate Proximity to Over 70,000 College Students at Florida State University, Florida A&M University, and Tallahassee Community College
- Surrounded by Numerous Student Housing Complexes
- Excellent Visibility Along West Pensacola Street (28,000 Cars per Day)
- Located in WestEnd Square - Neighboring Tenants Include McDonald's, ALDI, Aaron's, and Pet Supermarket
- New High-Quality 2024 Construction with a Drive-Thru
Restaurant
Starbucks | Florida State University | Adjacent to 10,000+ Student Housing Beds
Listing Price: $3,600,000
Investment Highlights
- Brand New 10-Year Lease with Corporate Starbucks Guaranty (NASDAQ: SBUX)
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Daytime Population Exceeds 261,000 Within a Five-Mile Radius of the Subject Property
- Immediate Proximity to Over 70,000 College Students at Florida State University, Florida A&M University, and Tallahassee Community College
- Surrounded by Numerous Student Housing Complexes
- Excellent Visibility Along West Pensacola Street (28,000 Cars per Day)
- Located in WestEnd Square - Neighboring Tenants Include McDonald's, ALDI, Aaron's, and Pet Supermarket
- New High-Quality 2024 Construction with a Drive-Thru
Investment Overview
Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.” Tallahassee, the capital of Florida, is the largest city in the Florida Big Bend and Florida Panhandle region, and the main center for trade and agriculture in the Florida Big Bend and Southwest Georgia regions. In 2022, the population was 201,731, making it the eighth-most populous city in the state of Florida, and the population of the Tallahassee metropolitan area was 385,145 as of 2018.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
