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Starbucks - Fort Walton Beach, FL 1309 Lewis Turner Blvd 2,500 SF Retail Building Fort Walton Beach, FL 32547 $3,946,900 ($1,578.76/SF) 5.65% Cap Rate
Investment Highlights
- Tenant is Starbucks Corporation, a publicly traded Washington corporation with an approximate $120 billion market capitalization.
- Strategically positioned at the signalized intersection of Lewis Turner Blvd and Green Acres Road/Beal Pkwy.
- The surrounding trade area is supported by a significant concentration of active-duty military personnel, civilian defense employees.
- Newly constructed, single-tenant 2,500 SF Starbucks developed to the tenant’s exact specifications and featuring a fully entitled drive-thru.
- The Crestview-Fort Walton Beach- Destin MSA population reached approximately 309,000 residents as of January 2024.
- Florida’s favorable tax structure, including no state income tax, combined with landlord-friendly regulations and continued population in-migration.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 2,500 SF Starbucks located at 1305 Lewis Turner Boulevard in Fort Walton Beach, FL. This newly constructed, purpose-built drive-thru Starbucks is leased directly to Starbucks, a Fortune 500 publicly traded corporation with an investment-grade credit profile and an approximate $120 billion market capitalization. The lease is backed by Starbucks Corporation itself, providing investors with the security of a direct corporate obligation from one of the world’s most recognized and established consumer brands.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,500 SF
Building Class
B
Year Built
2025
Price
$3,946,900
Price Per SF
$1,578.76
Cap Rate
5.65%
NOI
$223,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.88 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Starbucks
- Accommodation and Food Services
- 2,500 SF
- $89.20
- Double Net
- Apr 2035
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Starbucks | Accommodation and Food Services | 2,500 SF | $89.20 | Double Net | Apr 2035 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 34-1S-24-0000-0026-002B | Improvements Assessment | $0 |
| Land Assessment | $727,842 | Total Assessment | $727,842 |
Property Taxes
Parcel Number
34-1S-24-0000-0026-002B
Land Assessment
$727,842
Improvements Assessment
$0
Total Assessment
$727,842
Contacts
-
Doug Roland -
Dave Wirgler -
Mitchell Coleman -
Max Watson -
Andrew Ackerman -
Sands Investment Group
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Starbucks - Fort Walton Beach, FL | 1309 Lewis Turner Blvd
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