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    1685 Us-1 St. Augustine, FL 32084

    For Sale
    $3,447,000

    High-yield, Net Lease Starbucks.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 3,200 square foot Starbucks located at 1685 US Highway 1 S in St. Augustine, Florida. The property sits on a 0.85-acre lot and boasts a brand-new, Net Lease agreement with Starbucks Corporation (S&P: BBB+), a credit-rated tenant with a corporate guarantee. The 10-year lease commenced December 15, 2023, and includes six five-year renewal options, providing a secure investment with over nine years remaining on the initial term. Rent increases by 10% every five years, effectively hedging against inflation. The property, originally built in 2019, underwent renovations by Starbucks in 2023, showcasing their long-term commitment. The property generates a strong Net Operating Income (NOI) of $181,000, resulting in a 5.25% cap rate. This prime location benefits from high traffic counts on US Highway 1 (AADT 36,500) and SR 312 (AADT 28,000), surrounded by other national retailers including Publix, Home Depot, Lowe's, Walmart, Chick-fil-A, and JP Morgan Chase. The property offers cross-access to the adjacent Seabridge Square Shopping Center. This is a rare opportunity to acquire a low-maintenance, high-return investment in a desirable location within a state without state income tax. The property offers minimal landlord responsibilities and significant long-term growth potential.

    Property Features for 1685 Us-1

    General Information

    Property type
    Restaurants
    Lot Size
    37,026 SF

    Building Details

    Year Built
    2019
    Buildings
    1

    HighLights

    • Starbucks with Drive‑Thru on a Net Lease.
    • Strong, long‑term lease with over 9 years remaining.
    • Six five‑year renewal options.
    • 2019 construction, Starbucks retrofit.
    • Shared access with Seabridge Square Shopping Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    St. Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.3238974
    Latitude
    29.8709381

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    FAQs

    What type of property is this?
    Restaurant - High-yield, Net Lease Starbucks.
    Where is this restaurant 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: Starbucks with Drive-Thru on a Net Lease.; Strong, long-term lease with over 9 years remaining.; Six five-year renewal options.
    (904) 302-6943
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    1685 Us-1 St. Augustine, FL 32084
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1685 Us-1 St. Augustine, FL 32084
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