1685 US-1 St Augustine, FL 32084
Starbucks NNN property for sale in St. Augustine, Florida.
Type:Retail
Property size:
3,200 SF- Added:
- Sep 9, 2024
- Days on Market:
- 599
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 1685 US-1
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2019
Listing agent Sean McGill License #FL 3087553
Listing office Cantrell & Morgan
Listing date Sep 9, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Cantrell & Morgan
Overview
St. Augustine Starbucks Investment Opportunity
The property for sale is a 3,200-square-foot Starbucks located at 1685 US Highway 1 S in St. Augustine, FL. Situated in the heart of St. Augustine, within a high-barrier-to-entry market along the US 1 and SR 312 corridor, the building was originally constructed in 2019. Starbucks renovated the space in 2023, demonstrating a long-term commitment to the site. Starbucks opened in December 2023 under a new, NN+ lease spanning 10 years, with six 5-year options to extend with Starbucks Corporation (S&P: BBB+). Over 9 years remain on the initial lease term. The lease includes 10% rental increases every 5 years throughout the original term and at the beginning of each option period. The property is located in an area with retailers such as Publix, Home Depot, Lowe’s, Wal-Mart, Chick-Fil-A, JP Morgan Chase, Lowe’s, and Aldi. The location on US 1 sees an average annual daily traffic count of 36,500, while SR 312 sees 28,000. This asset is suited for investors seeking minimal landlord responsibilities, a new long-term lease with a strong national tenant, rental increases every 5 years, and location in a state without state income tax.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Coffee shops
Similar Places Nearby
- Dutch Bros Coffee — NEC Regalo & US, #1, St. Augustine, FL 32095
Location Insight
- Map
- Local Demand
- City
- St Augustine
- County
- St. Johns
- State
- Florida
- Longitude
- -81.3241193
- Latitude
- 29.8709301
Nearby Similar for Sale
FAQs
What type of property is this?
Coffee shop - Starbucks NNN property for sale in St. Augustine, Florida.
Where is this coffee shop located?
The property is located at 1685 US-1 St Augustine, FL.
What is the asking price?
The asking price for this property is $3,447,000.
What are key features of this property?
This property features: New 10‑year NN+ lease with Starbucks (S&P: BBB+) commenced in December 2023, demonstrating long‑term commitment.; Located in a high‑traffic, high‑barrier‑to‑entry retail corridor (US 1 & SR 312) in St. Augustine, surrounded by national retailers.; Lease includes 10% rental increases every 5 years, providing growing NOI and inflation hedge.
