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Starbucks - Daytona Beach (New Smyrna Beach) 1906 FL-44 2,500 SF Retail Building New Smyrna Beach, FL 32168 $3,272,700 ($1,309.08/SF) 5.50% Cap Rate
Investment Highlights
- Options To Extend | 2024 Construction | Options To Extend | Corporate Signed | Scheduled Rental Increases
- Hard Corner | Outparcel to NSB Regional Shopping Center | Drive-Thru Equipped | Dense Retail Corridor | Dixie Hwy & I95
- NN Leased | Fee Simple Ownership | No State Income Tax |Limited Landlord Responsibilities
- Local Demographics in 5-Mile Trade Area | Six-Figure Income | New Smyrna Beach
Executive Summary
• 7+ years remaining with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• 2024 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 41,000 stores
• The lease features 10% rental increases every 5 years and at the beginning of each option
• 2024 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 41,000 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
Retail
Building Size
2,500 SF
Building Class
B
Year Built
2024
Price
$3,272,700
Price Per SF
$1,309.08
Cap Rate
5.50%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.06 AC
Zoning
B-5 - Planned Shopping Center
Parking
32 Spaces (12.8 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
-
Jan 0000
Starbucks began as a coffee roaster and retailer in Seattle in 1971, first selling whole bean coffee, tea, and spices before expanding into a broader coffeehouse business. The company now centers its business on handcrafted drinks, food, loyalty and mobile-ordering services, and a mix of retail and at-home coffee products, with a presence across multiple international markets. Starbucks also continues to emphasize coffee sourcing and the store experience as part of its day-to-day operations and brand identity.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7343-06-00-0720 | Improvements Assessment | $7,318,911 |
| Land Assessment | $2,652,804 | Total Assessment | $9,971,715 |
Property Taxes
Parcel Number
7343-06-00-0720
Land Assessment
$2,652,804
Improvements Assessment
$7,318,911
Total Assessment
$9,971,715
Contacts
-
William Wamble -
Patrick Luther -
Patrick Nutt -
Matthew Mousavi -
SRS Real Estate Partners
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