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Restaurant

Starbucks

Blanding Boulevard & Baxley Road, Middleburg, FL 32068

Listing Price: $3,200,000

Cap Rate
4.75%
Tenant Name
Starbucks
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Double Net
Rent Per Square Feet
$60.80

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.” Middleburg is located within Clay County, 26 miles southwest of downtown Jacksonville and 16 miles northwest of Green Cove Springs, the Clay County seat.

Investment Highlights

  • New 10-Year Corporate Lease with Starbucks
  • Brand New 2021 Construction with a Drive-Thru
  • 76,544 Residents within a 5-Mile Radius - Jacksonville MSA
  • 10% Rental Increases Every 5 Years
  • Easily Accessible via Blanding Boulevard (35,500+ Cars/Day)

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

Listing Price: $3,200,000

Cap Rate
4.75%
Tenant Name
Starbucks
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Double Net
Rent Per Square Feet
$60.80

Investment Highlights

  • New 10-Year Corporate Lease with Starbucks
  • Brand New 2021 Construction with a Drive-Thru
  • 76,544 Residents within a 5-Mile Radius - Jacksonville MSA
  • 10% Rental Increases Every 5 Years
  • Easily Accessible via Blanding Boulevard (35,500+ Cars/Day)

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.” Middleburg is located within Clay County, 26 miles southwest of downtown Jacksonville and 16 miles northwest of Green Cove Springs, the Clay County seat.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

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