1685 US-1, St Augustine, FL 32084

Building Details

Year Built

2019

Listing agent Sean McGill License #FL 3087553

Listing office Cantrell & Morgan s***@cantrellmorgan.com Show Phone

Listing date Sep 9, 2024

Source Crexi

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

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

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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 $3,147,826.

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.