50 Mccoy Way St. Augustine, FL 32095

This exceptional investment opportunity presents a brand-new, 950 square foot Dutch Bros. Coffee location in St. Augustine, Florida. Built in 2024, this single-story building sits on a 0.79-acre lot with 15 parking spaces and boasts a prime location on US Hwy 1 (26,000 vehicles per day), offering excellent visibility and accessibility. The property benefits from a 20-year absolute NNN ground lease with a corporate guarantee from Dutch Bros. Coffee, a publicly traded company (NYSE: BROS). The lease includes three 5-year renewal options and features 10% rent increases every five years, ensuring consistent income growth. The property's strong financial performance is reflected in its 4.85% cap rate and a net operating income (NOI) of $119,688. The strategic location within the rapidly developing Palencia master-planned community, near a Publix-anchored shopping center and other retail establishments, further enhances its investment appeal. The property is zoned commercial and includes a drive-thru for customer convenience. This is a rare opportunity to acquire a long-term, low-maintenance investment with a highly reputable tenant in a thriving market. The property's strong financials, coupled with the tenant's robust performance and the strategic location, make this an attractive investment for discerning buyers. The average household income within a 1-mile radius is $168,965. The adjacent Circle K ranks in the top 79% of all locations nationwide. This is a truly exceptional opportunity to acquire a high-performing, low-risk investment property.