13627 E Colonial Dr
Orlando, FL 32826
Starbucks · Retail Property For Sale

Capital Pacific is pleased to present the opportunity to acquire a brand-new Starbucks Coffee in Orlando, Florida. The property is situated on a signalized hard corner in a busy trade area that includes the University of Central Florida (66,000 students, largest university in FL) and the Central Florida Research Park (126 companies and 10,000 employees). The property features a 10-year net lease with Starbucks corporate (S&P: A-), which includes 10% rental increases every five years (primary and option terms) and four 5-year options to extend the lease thereafter. The asset is new construction (the store is anticipated to open in October 2019) and includes a double-lane drive-thru. The property features excellent visibility and frontage at the corner of Lake Pickett Road and E. Colonial Drive (SR-50), with an estimated 58,686 vehicles per day traveling through this intersection. This intersection is shared by Walgreens, CVS, Autozone, and Citgo, driving significant additional customer traffic to the Starbucks. Colonial road serves as a key entry point to and from UCF and CF Research Park. The trade area includes a host of synergistic retailers including: Publix, Burlington, Target, Hobby Lobby, and others. New development in the area such as a large student housing project just to the west and a new Florida Hospital campus and medical offices (both to be completed by end-of-year) will drive additional traffic to the already busy corridor directly benefiting the property.