St. Augustine Starbucks Investment
For Sale
Contact for pricing
1685 US-1, St Augustine, FL 32084
Starbucks NNN property for sale in St. Augustine, Florida.
Property Size3,200 SF
Price / SF$942.71
Days on Market695
Property Features for 1685 US-1
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Retail
Building Details
Year Built
2019
Listing Agency:
Cantrell & Morgan
(904) 302-6943
Listed By:
Sean McGill · License #FL 3087553
Source:
Crexi
Added: Sep 9, 2024
Changed: Jul 6
Last Checked: Aug 4 at 11:46AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32084, FL
34,526
Population
17,839
Households
1.9
Avg Household Size
45
Median Age
32%
College-Educated
91%
High-School Grad
45.1 sq mi
ZIP Area
766
Density / Sq Mi
$72,965
Median Household Income
$38,611
Median Earnings
$1,534
Median Rent
$295,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- TeaTotaler Botanicals, Inc — 1976 US-1, St. Augustine, FL 32086
- The Ecologica Coffee Shop — 115 Strongway Ct, St. Augustine, FL 32086
- 904 Nutrition — 1972 US-1, St. Augustine, FL 32086
- The Sprout Kitchen — 115 Strongway Ct, St. Augustine, FL 32086
- The Ecologica Coffee & Food — 115 Strongway Ct, St. Augustine, FL 32086
Frequently Asked Questions
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 $3,016,667.
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.
