Retail•Free Standing Building•For Sale

Starbucks NN Leased Investment - Gulf Breeze

3703 Gulf Breeze Parkway, Gulf Breeze, Florida 32563

Sale Price $1,450,000
Sale Type Net Lease Investment
Year Built 2008
Vacancy 100%
Gross Bldg 1,711 SqFt
Land Area .68 Acres
Market Gulf Breeze
Sub-Market Tiger Point
Available to purchase is a 1711 square foot, freestanding Starbucks investments located at 3703 Gulf Breeze Parkway in Gulf Breeze, FL. This investment contains a corporately guaranteed lease by Starbucks Corporation. There are approx. four (4) years left on the current 10-year lease and four (4), five-year renewal options with a 10% rent increase with each option. Property is located on Gulf Breeze Parkway (US Hwy 98) in Gulf Breeze, Florida which enjoys daily traffic counts in access of 41,000 cars per day and average household incomes of $88,399 within a 3 minute drive-time. The property is immediately adjacent to a Super Wal-Mart and Lowe’s Home Improvement and the next nearest competing Starbucks is approximately 7 miles west of this location.
  • Corporately Guaranteed Lease
  • Great Trade Area (Tiger Point)
  • Fair Market Rent
  • No Kick Out Provision
  • Immediately adjacent to Super Wal-Mart & Lowes Home Improvement Store
  • Surrounded by retailers such as Dollar Tree, Walgreens, Wells Fargo, Zaxbys
  • Located on a strong retail corridor with 41000 + VPD
10/8/2019 1:58:00 PM 10/8/2019 1:58:00 PM
Carlton Dean, SIOR, CCIM
Managing Director
SVN | SouthLand Commercial


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