Current Use by Public Records
- Retail properties & Spaces
Property Details for 1398 Boone St
- Year built
- 2019
- Lot size
- 0.75 lot acres
- Property type
- Retail properties & Spaces
Description
Exceptional investment opportunity: a high-performing Starbucks in Kingsland, Georgia, is available for purchase. This 2,250 square foot, single-story building, constructed in 2019, sits on a 0.75-acre lot and boasts a strong 6.01% cap rate. The property benefits from a 10-year net lease (NN+) with a corporate guarantee from Starbucks, a tenant with a proven track record. The lease commenced July 13, 2019, and has approximately 4.7 years remaining, with six 5-year renewal options. Rent increases by 10% every five years, ensuring consistent income growth. The property's prime location on a major thoroughfare, near other national retailers and major roadways (including Interstate 95), contributes to its exceptional performance, ranking in the top 7% of Starbucks nationwide. The property's high traffic count and proximity to Kings Bay Naval Submarine Base and Florida further enhance its investment appeal. The current Net Operating Income (NOI) is $147,770. This is a rare chance to acquire a top-performing asset with significant long-term growth potential. The asking price is $2,460,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Kingsland
- County
- Camden
- State
- Georgia
- Longitude
- -81.6475
- Latitude
- 30.7862
