50 Mccoy WaySt. Augustine, FL 32095
- Retail properties
- 950 SF
Property Details for 50 Mccoy Way
- Year built
- 2024
- Lot size
- 0.79 AC
- Property size (Sq ft)
- 950 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents a brand-new, 950 square foot Dutch Bros. Coffee location in St. Augustine, Florida. Built in 2024, this single-story building sits on a 0.79-acre lot with 15 parking spaces and boasts a prime location on US Hwy 1 (26,000 vehicles per day), offering excellent visibility and accessibility. The property benefits from a 20-year absolute NNN ground lease with a corporate guarantee from Dutch Bros. Coffee, a publicly traded company (NYSE: BROS). The lease includes three 5-year renewal options and features 10% rent increases every five years, ensuring consistent income growth. The property's strong financial performance is reflected in its 4.85% cap rate and a net operating income (NOI) of $119,688. The strategic location within the rapidly developing Palencia master-planned community, near a Publix-anchored shopping center and other retail establishments, further enhances its investment appeal. The property is zoned commercial and includes a drive-thru for customer convenience. This is a rare opportunity to acquire a long-term, low-maintenance investment with a highly reputable tenant in a thriving market. The property's strong financials, coupled with the tenant's robust performance and the strategic location, make this an attractive investment for discerning buyers. The average household income within a 1-mile radius is $168,965. The adjacent Circle K ranks in the top 79% of all locations nationwide. This is a truly exceptional opportunity to acquire a high-performing, low-risk investment property.
Location Insight
- City
- St. Augustine
- County
- St. Johns
- State
- Florida
- Latitude
- 30.0178
- Longitude
- -81.3962
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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