$3,946,900 USD
706-814-2217
HIGHLIGHTS
- Tenant is Starbucks Corporation, a publicly traded Washington corporation with an approximate $120 billion market capitalization.
- Newly constructed, single-tenant 2,500 SF Starbucks developed to the tenant’s exact specifications and featuring a fully entitled drive-thru.
- Strategically positioned at the signalized intersection of Lewis Turner Blvd and Green Acres Road/Beal Pkwy.
- The Crestview-Fort Walton Beach- Destin MSA population reached approximately 309,000 residents as of January 2024.
- The surrounding trade area is supported by a significant concentration of active-duty military personnel, civilian defense employees.
- Florida’s favorable tax structure, including no state income tax, combined with landlord-friendly regulations and continued population in-migration.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 2,500 SF Starbucks located at 1305 Lewis Turner Boulevard in Fort Walton Beach, FL. This newly constructed, purpose-built drive-thru Starbucks is leased directly to Starbucks, a Fortune 500 publicly traded corporation with an investment-grade credit profile and an approximate $120 billion market capitalization. The lease is backed by Starbucks Corporation itself, providing investors with the security of a direct corporate obligation from one of the world’s most recognized and established consumer brands.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
FOR SALE DETAILS
PRICE
$3,946,900 USD
PRICE/SF
$1,579 USD /SF
CAP RATE
5.65%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks - Fort Walton Beach, FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.88 AC
LAND SF
38,333 SF
ZONING
-
APN/PARCEL ID
34-1S-24-0000-0026-002B
ASK ABOUT THIS PROPERTY
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706-814-2217
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706-814-2217
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