640 NE 5th St - Fast Food FOR SALE


Crystal River, FL 34429
$3,760,683 USD
786-522-7013
640 NE 5th St, Crystal River, FL for Sale
$3,760,683 USD
Fast Food - FOR SALE
1/5
null | 5.85% Cap Rate

640 NE 5th St
Crystal River, FL 34429


HIGHLIGHTS

  • Brand New 2024 Construction Starbucks with Drive Thru
  • 10 Year Corporate Guaranteed Lease| 10% Increases Every 5 Years
  • Strong Guarantee: S&P BBB+ Rating | Nasdaq (SBUX)
  • Excellent Exposure to More than 31,500 Vehicles Per Day
  • Located right next to Crystal River Middle School (900 Students) and 3 Minutes from Crystal River High School (1,200+ Students)
  • Situated near numerous national retailers including CVS, Walgreens, Wawa, Racetrac, McDonald’s, Burger King and Napa Auto Parts to name a few

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,760,683 USD

PRICE/SF

$1,390 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

-

APN/PARCEL ID

17E-18S-22-0020-00000-1150

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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