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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

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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

New Smyrna Beach FL - Starbucks

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Retail

Building Size

2,500 SF

Building Class

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)

Corner Lot
Signage

Signalized Intersection

Drive Thru

Air Conditioning

Accommodation and Food Services
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Starbucks began in 1971 in Seattle's Pike Place Market as a seller of fresh-roasted whole bean coffee, and the business became a coffeehouse in 1987. The company now serves a global footprint of coffeehouses and roastery reserves, with a business built around specialty coffee, coffee drinks, food, cups, and merchandise. Starbucks also has a growing presence in consumer-packaged goods and foodservice, extending the brand beyond cafés while keeping coffee sourcing and roasting at the center of the model. Community support, sustainability, and responsible sourcing remain part of the company's broader operating approach.