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2046 Florida 19 2,500 SF 4-Star Retail Building Tavares, FL 32778 $4,476,000 ($1,790.40/SF) 5.25% Cap Rate
Investment Highlights
- Newly constructed Starbucks featuring a modern prototype and drive-thru format, designed to support high throughput and long-term operational success
- New Construction w/ Roof Warranty | 2025 Construction with drive-thru and 20-year transferable roof warranty
- Excellent visibility, direct access, and strong surrounding demographics support continued consumer demand and long-term residual value
- Starbucks is one of the world’s most recognizable & dominant coffee retailers, operating more than 35K locations globally & backed by strong credit
- Strategically positioned along a high-growth corridor near new retail developments, daily-needs drivers & 1,200±homes under construction
Executive Summary
CBRE is pleased to present the exclusive net-lease offering for a newly constructed Starbucks Drive-thru Coffee containing approx. 2,500±rentable SF of building space on a 1.04±AC parcel, located at 2046 US SR 19 in Tavares, Florida, a top Florida growth market benefiting from it’s close proximity to Orlando’s economy. The property is strategically situated as an outparcel to a new Publix-anchored shopping center and benefits from direct frontage to State Road 19, a major throughfare servicing the community, providing excellent visibility to over 42,000±VPD.
This Starbucks Coffee is secured by an original 15-year Double-Net Plus (NN+) lease, with four (4) options to renew of 5-years each. The rent commenced and location opened for business on July 1, 2025. The annual rent is $234,990, with scheduled increases of ten percent (10%) every five (5) years throughout the initial term and in each renewal option.
This Starbucks Coffee is secured by an original 15-year Double-Net Plus (NN+) lease, with four (4) options to renew of 5-years each. The rent commenced and location opened for business on July 1, 2025. The annual rent is $234,990, with scheduled increases of ten percent (10%) every five (5) years throughout the initial term and in each renewal option.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$234,990
|
$102.93
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $234,990 |
| Annual Per SF | $102.93 |
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
$4,476,000
Price Per SF
$1,790.40
Cap Rate
5.25%
NOI
$234,990
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.05 AC
Zoning
C-2
Parking
29 Spaces (11.6 Spaces per 1,000 SF Leased)
Frontage
173’ on Florida 19
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Starbucks began in 1971 in Seattle's Pike Place Market as a roaster and retailer of whole bean and ground coffee, tea, and spices. The company became a coffeehouse in 1987 and has since expanded into a global business centered on coffee drinks, food, cups, and merchandise. Starbucks now connects with millions of customers every day through a broad retail network and also brings some of its branded coffee products and creamers into grocery channels. The company's business is built around coffee craftsmanship, food and beverage service, and neighborhood-focused store experiences.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-20-26-1000-000-00600 | Improvements Assessment | $0 (2026) |
| Land Assessment | $900,921 (2026) | Total Assessment | $900,921 (2026) |
Property Taxes
Parcel Number
06-20-26-1000-000-00600
Land Assessment
$900,921 (2026)
Improvements Assessment
$0 (2026)
Total Assessment
$900,921 (2026)
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