Skip to main content

Restaurant

Starbucks

1398 Boone Ave, Kingsland, GA 31548

Listing Price: $2,800,000

Cap Rate
4.82%
Tenant Name
Starbucks
Years Remaining On Lease
7.2
Gross SF
2,500
Guarantor
Corporate Guarantee
Rentable SF
2,500
Price/Gross SF
$1,120.00
Lease Type
Double Net
Rent Per Square Feet
$54.00

Investment Overview

Marcus & Millichap is pleased to present this 2019 construction Starbucks with a drive-thru located at 1398 Boone Avenue Ext., Kingsland, Georgia. The subject offering provides both new and experienced investors the opportunity to acquire a corporately guaranteed, double-net Starbucks (NYSE: SBUX). 7+ years are remaining in the primary term with 10% increases every 5 years. The property is situated along East King Ave, the main retail corridor in Kingsland, which boasts over 21,500 vehicles per day. I-95, the major interstate highway on the east coast is also less than 3/4ths of a mile down the street. Kingsland also benefits from its proximity to Jacksonville, Florida, which is located just thirty-five miles south and has become an integral hub for the southeast. Starbucks is backed by a strong corporate guarantee, an S&P rating of BBB+, 30,000+ locations, and $29.1B+ in revenue.

Investment Highlights

  • 15 Year Assignable Roof Warranty
  • 2019 Construction
  • 7+ Years Lease term with Options

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Listing Price: $2,800,000

Cap Rate
4.82%
Tenant Name
Starbucks
Years Remaining On Lease
7.2
Gross SF
2,500
Guarantor
Corporate Guarantee
Rentable SF
2,500
Price/Gross SF
$1,120.00
Lease Type
Double Net
Rent Per Square Feet
$54.00

Investment Highlights

  • 15 Year Assignable Roof Warranty
  • 2019 Construction
  • 7+ Years Lease term with Options

Investment Overview

Marcus & Millichap is pleased to present this 2019 construction Starbucks with a drive-thru located at 1398 Boone Avenue Ext., Kingsland, Georgia. The subject offering provides both new and experienced investors the opportunity to acquire a corporately guaranteed, double-net Starbucks (NYSE: SBUX). 7+ years are remaining in the primary term with 10% increases every 5 years. The property is situated along East King Ave, the main retail corridor in Kingsland, which boasts over 21,500 vehicles per day. I-95, the major interstate highway on the east coast is also less than 3/4ths of a mile down the street. Kingsland also benefits from its proximity to Jacksonville, Florida, which is located just thirty-five miles south and has become an integral hub for the southeast. Starbucks is backed by a strong corporate guarantee, an S&P rating of BBB+, 30,000+ locations, and $29.1B+ in revenue.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

MM Texture Background
MM Textured Background Lower