622 Hugh Adams Rd - Fast Food FOR SALE
Defuniak Springs, FL 32435 |
622 Hugh Adams Rd
Defuniak Springs, FL 32435
HIGHLIGHTS
- 10-year corporate net lease to Starbucks Corporation
- Below market rent for new build-to-suit Starbucks in Florida
- 10% fixed rental increases every five years, providing a hedge against inflation
- Investment grade tenant, rated “BBB+” by Standard & Poor’s
- New 2022 construction with dedicated double drive-thru and patio seating for added customer convenience
- Located in an income tax-free state
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Starbucks | DeFuniak Springs
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
2500
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
79
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
02-2N-19-18000-046-0010
