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3102 Dick Wilson Blvd
Tallahassee, FL 32301
Starbucks | Tallahassee, FL · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 15-year net lease to Starbucks Corporation (with no early termination clause) with 10% rental increases every 5 years during initial term and opt
- Lease backed by Starbucks Corporation (S&P: “BBB+”), a globally recognized and financially secure tenant, offering unparalleled investment security.
- Rare tenant maintain language, whereby Starbucks handles all day-to-day maintenance of the property
- Starbucks, a Fortune 500 company, operates over 16,000 U.S. locations and reported $36 billion in 2024 revenue, underscoring its financial strength.
EXECUTIVE SUMMARY
This brand-new 2025 Starbucks is positioned at the high-visibility, signalized hard-corner of Capital Circle SE and Dick Wilson Blvd., where traffic counts exceed 41,000 vehicles per day. Leased to Starbucks—the world’s largest coffee chain with 35,000+ locations—the property is supported by strong demographics, including nearly 134,000 residents within five miles and an average household income of $102,156 within three miles. Located just four miles from Florida State University, with 43,000+ students and 15,000+ employees driving over $15B in annual economic impact, the site benefits from robust consumer demand. Featuring Starbucks’ newest prototype with a drive-thru and outdoor seating, and supported by projected income growth across the trade area, this asset is well-positioned for long-term stability and performance.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
2025
Price
$4,023,000
Price Per SF
$1,609.20
Cap Rate
5.50%
NOI
$221,265
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
1.12 AC
Parking
29 Spaces (11.6 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 31-03-25-000-002-2 | Improvements Assessment | $0 |
| Land Assessment | $487,870 | Total Assessment | $487,870 |
PROPERTY TAXES
Parcel Number
31-03-25-000-002-2
Land Assessment
$487,870
Improvements Assessment
$0
Total Assessment
$487,870
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