9661 San Jose Blvd - Fast Food FOR SALE


Jacksonville, FL 32257- Mandarin
$2,777,000 USD
602-687-6780
9661 San Jose Blvd, Jacksonville, FL for Sale
$2,777,000 USD
Fast Food - FOR SALE
1/5
null | 5.75% Cap Rate

9661 San Jose Blvd
Jacksonville, FL 32257
Mandarin


HIGHLIGHTS

  • 5+ Years Remaining on Corporate Lease with Starbucks (NASDAQ: SBUX)
  • 8% Rental Increases Every 5 Years with Multiple Renewal Options
  • Longstanding Location - Tenant has Operated at the Location for 25 Years, Showing Commitment to the Site
  • Growing Jacksonville Trade Area - ±153,000 Residents within a 5-Mile Radius
  • Average Household Income Exceeds $104,000 in the Immediate Area
  • Signalized Hard Corner Location at the Corner of Old St. Augustine Road and San Jose Boulevard, Accessible by ±68,500 Cars per Day

OVERVIEW

Starbucks (NASDAQ: SBUX) is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, the company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores. Jacksonville is the most-populous city in Florida and is the county seat of Duval County. The Jacksonville metro is in the northeastern corner of Florida, just south of the Georgia border. It is composed of five counties, with the Atlantic Ocean providing its eastern border.

FOR SALE DETAILS

PRICE

$2,777,000 USD

PRICE/SF

$1,624 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | Rare Self Maintain Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

CCG-2

APN/PARCEL ID

148978-0000

ASK ABOUT THIS PROPERTY

Christopher LindMarcus & MillichapMore Info
602-687-6780

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Christopher LindMarcus & MillichapMore Info
602-687-6780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.