622 Hugh Adams Rd
Defuniak Springs, FL 32435
Starbucks | DeFuniak Springs · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10-year corporate net lease to Starbucks Corporation
- 10% fixed rental increases every five years, providing a hedge against inflation
- New 2022 construction with dedicated double drive-thru and patio seating for added customer convenience
- Below market rent for new build-to-suit Starbucks in Florida
- Investment grade tenant, rated “BBB+” by Standard & Poor’s
- Located in an income tax-free state
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,500 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.62 AC
Zoning
C-2 - Commercial
Parking
79 Spaces (30.76 Spaces per 1,000 SF Leased)
Frontage
134’ on Hugh Adams Road
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 02-2N-19-18000-046-0010 | Improvements Assessment | $1,371,374 |
| Land Assessment | $330,647 | Total Assessment | $1,702,021 |
