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Starbucks | Rare 15-YR Lease | Self-Maintain 23250-US Highway 27 2,500 SF Retail Building Lake Wales, FL 33859 $4,381,000 ($1,752.40/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare opportunity to own a hyper secure, newly constructed 15-YR Starbucks in Central Florida
- Starbucks Corporation guarantees the lease and is responsible for maintaining the parcel which provides passive ownership and long-term stable cash fl
- Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth
- Lake County's population has surged by more than 17% since 2020 making it one of the fastest growing counties in Florida
- Brand new construction with drive-thru and 20-year transferable roof warranty
- Fee simple ownership of the building allows for depreciation boosting after tax returns
EXECUTIVE SUMMARY
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this newly constructed Starbucks featuring a 15 Year Net Lease with 10% rental increases every 5 years. Starbucks is planning to open for business in June.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,500 SF
Building Class
B
Year Built
2025
Price
$4,381,000
Price Per SF
$1,752.40
Cap Rate
5.25%
NOI
$230,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.16 AC
Zoning
C-3 - Commercial
Frontage
248’ on US Highway 27
AMENITIES
- Drive Thru
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- starbucks
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| starbucks | - | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 27-29-21-866002-000010 | Improvements Assessment | $0 |
| Land Assessment | $582,620 | Total Assessment | $582,620 |
PROPERTY TAXES
Parcel Number
27-29-21-866002-000010
Land Assessment
$582,620
Improvements Assessment
$0
Total Assessment
$582,620
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Starbucks | Rare 15-YR Lease | Self-Maintain | 23250-US Highway 27
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