50 Mccoy Way St. Augustine, FL 32095

Property Details for 50 Mccoy Way

Year built

2024

Lot size

0.79 lot acres

Property size

950 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

St. Augustine

County

St. Johns

State

Florida

Longitude

-81.3962

Latitude

30.0178