Starbucks 2018 Pensacola st

Investment Highlights

Brand New 10-Year Lease with Corporate Starbucks Guaranty (NASDAQ: SBUX) New High-Quality 2024 Construction with a Drive-Thru Surrounded by Numerous Student Housing Complexes 10% Rental Increases Every 5 Years with Multiple Renewal Options Immediate Proximity to 70,000+ College Students at Florida State University, Florida A&M University, and Tallahassee Community College Excellent Visibility Along West Pensacola Street (28,000 Cars per Day)

Executive Summary

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.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Restaurant Fast Food
• Building Size    2,500
• Year Built    2024
• Price    3,600,000
• Price Per SF    1,440
• Cap Rate    5
• NOI    180,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.09
• Land Acres    0.66 AC