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Starbucks - Ocala (Belleview) FL 10350 SE US Highway 441 2,500 SF 4-Star Retail Building Belleview, FL 34420 $3,829,000 ($1,531.60/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Lease | 2025 Construction | Options To Extend | Corporate Signed | Scheduled Rental Increases
- Fronting US-441 | Part of Larger Retail Development | Belleview Regional Center | Surrounding New Retail Development
- NN Leased | Fee Simple Ownership | No State Income Tax |Limited Landlord Responsibilities
- Local Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
• Starbucks recently signed a brand new 10-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• 2025 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements
• The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 40,200 stores
• The lease features 10% rental increases every 5 years and at the beginning of each option
• 2025 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements
• The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 40,200 stores
• The lease features 10% rental increases every 5 years and at the beginning of each option
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$3,829,000
Price Per SF
$1,531.60
Cap Rate
5.75%
NOI
$220,147
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
6.15 AC
Zoning
B-4 - General Business (arterial)
Parking
42 Spaces (16.8 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 37209-000-00 | Improvements Assessment | $688,003 |
| Land Assessment | $78,984 | Total Assessment | $766,987 |
PROPERTY TAXES
Parcel Number
37209-000-00
Land Assessment
$78,984
Improvements Assessment
$688,003
Total Assessment
$766,987
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Starbucks - Ocala (Belleview) FL | 10350 SE US Highway 441
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