Restaurant
Starbucks | Rare Self Maintain Lease
9661 San Jose Blvd, Jacksonville, FL 32257
Listing Price: $2,777,000
Investment Overview
Starbucks (NASDAQ: SBUX) is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, the company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores.
Jacksonville is the most-populous city in Florida and is the county seat of Duval County. The Jacksonville metro is in the northeastern corner of Florida, just south of the Georgia border. It is composed of five counties, with the Atlantic Ocean providing its eastern border.
Starbucks | Rare Self Maintain Lease
Investment Highlights
- 5+ Years Remaining on Corporate Lease with Starbucks (NASDAQ: SBUX)
- 8% Rental Increases Every 5 Years with Multiple Renewal Options
- Longstanding Location - Tenant has Operated at the Location for 25 Years, Showing Commitment to the Site
- Growing Jacksonville Trade Area - ±153,000 Residents within a 5-Mile Radius
- Average Household Income Exceeds $104,000 in the Immediate Area
- Signalized Hard Corner Location at the Corner of Old St. Augustine Road and San Jose Boulevard, Accessible by ±68,500 Cars per Day
- Across From The Home Depot and Surrounded by National Tenants: CVS, Dunkin', Zaxby's, Outback Steakhouse, and More
- Centrally Located within Roughly 10 Miles of Downtown Jacksonville, Jacksonville Naval Air Station, and University of North Florida
Listing Price: $2,777,000
Investment Highlights
- 5+ Years Remaining on Corporate Lease with Starbucks (NASDAQ: SBUX)
- 8% Rental Increases Every 5 Years with Multiple Renewal Options
- Longstanding Location - Tenant has Operated at the Location for 25 Years, Showing Commitment to the Site
- Growing Jacksonville Trade Area - ±153,000 Residents within a 5-Mile Radius
- Average Household Income Exceeds $104,000 in the Immediate Area
- Signalized Hard Corner Location at the Corner of Old St. Augustine Road and San Jose Boulevard, Accessible by ±68,500 Cars per Day
- Across From The Home Depot and Surrounded by National Tenants: CVS, Dunkin', Zaxby's, Outback Steakhouse, and More
- Centrally Located within Roughly 10 Miles of Downtown Jacksonville, Jacksonville Naval Air Station, and University of North Florida
Investment Overview
Starbucks (NASDAQ: SBUX) is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, the company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores. Jacksonville is the most-populous city in Florida and is the county seat of Duval County. The Jacksonville metro is in the northeastern corner of Florida, just south of the Georgia border. It is composed of five counties, with the Atlantic Ocean providing its eastern border.
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