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Restaurant

New Construction Starbucks 10 Year Lease

640 NE 5th St, Crystal River, FL 34429

Listing Price: $3,928,571

Cap Rate
5.60%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Gross SF
2,705
Guarantor
Corporate Guarantee
Rentable SF
2,705
Price/Gross SF
$1,452.34
Lease Type
Double Net
Rent Per Square Feet
$81.33

Investment Overview

Marcus & Millichap is pleased to present for sale this Brand new Starbucks with
Drive-Thru located at 640 NE 5th Street in Crystal River, Florida. Crystal River
is a city in Citrus County, Florida a short hour drive north of Tampa. Located
nearby is Crystal River Preserve State Park and Crystal RIver Archaeological
State Park. Cyrstal River is at the heart of the Nature Coast of Florida and is
situated around King’s Bay.
This brand new 2024 construction Starbucks with Drive Thru has excellent
exposure to more than 31,500 vehicles per day and is located next to Crystal
River Middle School with 900+ Students and 3 Minutes from Crystal River
High school with 1,200+ Students.
Numerous apartment complexes surround this Starbucks Property including
Ridgeview Apartments, Riverhouse Apartments, Mayo Drive Apartments, North
Gardenview Apartments, Garden terrace Apartments, St. Benedict Apartments
and Pelican Bay Apartments. Colleges and universities in the area include
The Academy of Environmental Science, The College of Central Florida and
Withlacoochee Technical College. Shopping centers and areas nearby this
Starbucks include The Shoppes of Crystal River, Crystal Springs Shopping
Center, Inverness Regional Shopping Center and Highland Square.
Starbucks Corporation is an American multinational chain of coffeehouses
and roastery reserves headquartered in Seattle, Washington. It was founded
in 1971 and is currently the world’s largest coffeehouse chain. There are
currently 38,038 locations in 84 countries. Net Income in 2023 was US
$4.125 Billion and Starbucks Corporation has over 381,000 employees.

Investment Highlights

  • Brand New 2024 Construction Starbucks with Drive Thru
  • 10 Year Corporate Guaranteed Lease| 10% Increases Every 5 Years
  • Strong Guarantee: S&P BBB+ Rating | Nasdaq (SBUX)
  • Excellent Exposure to More than 31,500 Vehicles Per Day
  • Located right next to Crystal River Middle School (900 Students) and 3 Minutes from Crystal River High School (1,200+ Students)
  • Starbucks Corporations an American Multinational Chain of Coffeehouses Headquartered in Seattle, Washington and as of the Year 2023 there were 38,038 Starbuck's Locations and Revenue in 2023 was US $35.98 Billion with 381,000 Employees
  • Florida is a No Income Tax State

Exclusively Listed By

Restaurant

New Construction Starbucks 10 Year Lease

Listing Price: $3,928,571

Cap Rate
5.60%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Gross SF
2,705
Guarantor
Corporate Guarantee
Rentable SF
2,705
Price/Gross SF
$1,452.34
Lease Type
Double Net
Rent Per Square Feet
$81.33

Investment Highlights

  • Brand New 2024 Construction Starbucks with Drive Thru
  • 10 Year Corporate Guaranteed Lease| 10% Increases Every 5 Years
  • Strong Guarantee: S&P BBB+ Rating | Nasdaq (SBUX)
  • Excellent Exposure to More than 31,500 Vehicles Per Day
  • Located right next to Crystal River Middle School (900 Students) and 3 Minutes from Crystal River High School (1,200+ Students)
  • Starbucks Corporations an American Multinational Chain of Coffeehouses Headquartered in Seattle, Washington and as of the Year 2023 there were 38,038 Starbuck's Locations and Revenue in 2023 was US $35.98 Billion with 381,000 Employees
  • Florida is a No Income Tax State

Investment Overview

Marcus & Millichap is pleased to present for sale this Brand new Starbucks with Drive-Thru located at 640 NE 5th Street in Crystal River, Florida. Crystal River is a city in Citrus County, Florida a short hour drive north of Tampa. Located nearby is Crystal River Preserve State Park and Crystal RIver Archaeological State Park. Cyrstal River is at the heart of the Nature Coast of Florida and is situated around King’s Bay. This brand new 2024 construction Starbucks with Drive Thru has excellent exposure to more than 31,500 vehicles per day and is located next to Crystal River Middle School with 900+ Students and 3 Minutes from Crystal River High school with 1,200+ Students. Numerous apartment complexes surround this Starbucks Property including Ridgeview Apartments, Riverhouse Apartments, Mayo Drive Apartments, North Gardenview Apartments, Garden terrace Apartments, St. Benedict Apartments and Pelican Bay Apartments. Colleges and universities in the area include The Academy of Environmental Science, The College of Central Florida and Withlacoochee Technical College. Shopping centers and areas nearby this Starbucks include The Shoppes of Crystal River, Crystal Springs Shopping Center, Inverness Regional Shopping Center and Highland Square. Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It was founded in 1971 and is currently the world’s largest coffeehouse chain. There are currently 38,038 locations in 84 countries. Net Income in 2023 was US $4.125 Billion and Starbucks Corporation has over 381,000 employees.

Exclusively Listed By

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