1398 Boone StKingsland, GA 31548

Property Details for 1398 Boone St

Year built

2019

Lot size

0.75 AC

Property size (Sq ft)

2,250 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

Exceptional investment opportunity: a high-performing Starbucks in Kingsland, Georgia, is available for purchase. This 2,250 square foot, single-story building, constructed in 2019, sits on a 0.75-acre lot and boasts a strong 6.01% cap rate. The property benefits from a 10-year net lease (NN+) with a corporate guarantee from Starbucks, a tenant with a proven track record. The lease commenced July 13, 2019, and has approximately 4.7 years remaining, with six 5-year renewal options. Rent increases by 10% every five years, ensuring consistent income growth. The property's prime location on a major thoroughfare, near other national retailers and major roadways (including Interstate 95), contributes to its exceptional performance, ranking in the top 7% of Starbucks nationwide. The property's high traffic count and proximity to Kings Bay Naval Submarine Base and Florida further enhance its investment appeal. The current Net Operating Income (NOI) is $147,770. This is a rare chance to acquire a top-performing asset with significant long-term growth potential. The asking price is $2,460,000.

Location Insight

City

Kingsland

County

Camden

State

Georgia

Latitude

30.7862

Longitude

-81.6475

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