Starbucks | 640 NE 5th St
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Starbucks 640 NE 5th St
2,705 SF Retail Building Crystal River, FL 34429 $3,928,571 ($1,452/SF) 5.60% Cap Rate
Investment Highlights
- Brand New 2024 Construction Starbucks with Drive Thru
- Strong Guarantee: S&P BBB+ Rating | Nasdaq (SBUX)
- Located right next to Crystal River Middle School (900 Students) and 3 Minutes from Crystal River High School (1,200+ Students)
- 10 Year Corporate Guaranteed Lease| 10% Increases Every 5 Years
- Excellent Exposure to More than 31,500 Vehicles Per Day
- Situated near numerous national retailers including CVS, Walgreens, Wawa, Racetrac, McDonald’s, Burger King and Napa Auto Parts to name a few
Executive Summary
Marcus & Millichap is pleased to present for sale this Brand new Starbucks with Drive-Thru located at 640 NE 5th Street in Crystal River, Florida. Crystal River is a city in Citrus County, Florida a short hour drive north of Tampa. Located nearby is Crystal River Preserve State Park and Crystal RIver Archaeological State Park. Cyrstal River is at the heart of the Nature Coast of Florida and is situated around King’s Bay.
This brand new 2024 construction Starbucks with Drive Thru has excellent exposure to more than 31,500 vehicles per day and is located next to Crystal River Middle School with 900+ Students and 3 Minutes from Crystal River High school with 1,200+ Students.
Numerous apartment complexes surround this Starbucks Property including Ridgeview Apartments, Riverhouse Apartments, Mayo Drive Apartments, North Gardenview Apartments, Garden terrace Apartments, St. Benedict Apartments and Pelican Bay Apartments. Colleges and universities in the area include The Academy of Environmental Science, The College of Central Florida and Withlacoochee Technical College. Shopping centers and areas nearby this Starbucks include The Shoppes of Crystal River, Crystal Springs Shopping Center, Inverness Regional Shopping Center and Highland Square.
Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It was founded in 1971 and is currently the world’s largest coffeehouse chain. There are currently 38,038 locations in 84 countries. Net Income in 2023 was US $4.125 Billion and Starbucks Corporation has over 381,000 employees.
This brand new 2024 construction Starbucks with Drive Thru has excellent exposure to more than 31,500 vehicles per day and is located next to Crystal River Middle School with 900+ Students and 3 Minutes from Crystal River High school with 1,200+ Students.
Numerous apartment complexes surround this Starbucks Property including Ridgeview Apartments, Riverhouse Apartments, Mayo Drive Apartments, North Gardenview Apartments, Garden terrace Apartments, St. Benedict Apartments and Pelican Bay Apartments. Colleges and universities in the area include The Academy of Environmental Science, The College of Central Florida and Withlacoochee Technical College. Shopping centers and areas nearby this Starbucks include The Shoppes of Crystal River, Crystal Springs Shopping Center, Inverness Regional Shopping Center and Highland Square.
Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It was founded in 1971 and is currently the world’s largest coffeehouse chain. There are currently 38,038 locations in 84 countries. Net Income in 2023 was US $4.125 Billion and Starbucks Corporation has over 381,000 employees.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,705 SF
Year Built
2024
Price
$3,928,571
Price Per SF
$1,452
Cap Rate
5.60%
NOI
$220,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.05 AC
Nearby Major Retailers
1 of 6
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Starbucks | 640 NE 5th St
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