This Retail Property is For Sale.

2519 Aloma Ave
Winter Park, FL 32792 ·

1,962 SF · Retail For Sale

$2,380,000

·

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Starbucks | Orlando, FL

Price $2,380,000 Cap Rate 4.75%
Building Size 1,962 SF Occupancy 100%
Price/SF $1,213.05 Tenancy Single
Property Type Retail Year Built 2014
Property Sub-type Free Standing Bldg APN / Parcel ID 04-2230-0000-00-015
Property Use Type Net Lease Investment with 8 years left on lease
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Listing ID: 20176355 Date Created: 02/13/2017 Last Updated: 02/13/2017

Description

CIRE Partners is pleased to exclusively offer for sale a single tenant Starbucks located in Orlando ( Winter Park ) , Florida. The investment contains a corporately guaranteed lease from an investment grade tenant ( S & P Rating A - ), who has operated at the site since
construction in 2014. Starbucks term runs until 2025 and has four, five year option periods with significant rent increases throughout. Additionally, this site is one of the few locations to serve beer/wine and experiences high store traffic as a result.

The subject property is strategically located along Aloma Avenue, a major retail corridor serving the Winter Park sub market. The site benefits from over 47,000 VPD and is adjacent to a Publix anchored shopping center. National retailers such as Publix, Whole Foods, CVS, Wells Fargo, McDonalds and Panera bread surround the property which also provides tremendous consumer flow on a daily basis.

Highlights

  • One of the few locations to serve beer and wine as a " Starbucks Evening " store
  • Several retirement / condo communities within walking distance of property
  • Adjacent to Publix anchored shopping center
  • Located on major thoroughfare with 47,000 + VPD
  • Dense location with over 110,000 people in a 3 mile radius
  • Rental increases during base term and option periods

Research

2519 Aloma Ave, Winter Park, FL 32792 (Orange County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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