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2875 N Old Lake Wilson Rd 2,513 SF Retail Building Kissimmee, FL 34747 $3,500,000 ($1,392.76/SF) 5.14% Cap Rate
Investment Highlights
- Long-term corporate lease with Starbucks Corporation, an investment-grade tenant recognized worldwide for stable performance and strong creditworthin
- Freestanding, drive-thru café format, the highest-performing and most sought-after prototype in Starbucks’ portfolio due to strong sales volumes
- Over five years of firm term remaining, offering secure cash flow through 2031 with no near-term rollover risk
- NNN lease with Starbucks handling all operating expenses; Landlord limited to roof, structure and long-term site capital items
- Six five-year renewal options providing up to 30 additional years of potential tenancy, supporting long-term investment stability and value retention
Executive Summary
Introducing a prime investment opportunity in the sought-after Westgate area of Kissimmee, FL. This free-standing retail building, constructed in 2021, offers 2,513 SF of versatile space, currently boasting 100% occupancy. The modern design and strategic location make it an ideal choice for retail investors seeking a lucrative addition to their portfolio. With a strong tenant presence and ample foot traffic, this property presents a compelling opportunity for those looking to capitalize on the thriving local market. Don't miss your chance to own a piece of this vibrant commercial landscape and unlock the potential for significant returns.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,513 SF
Building Class
B
Year Built
2021
Price
$3,500,000
Price Per SF
$1,392.76
Cap Rate
5.14%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.14 AC
Zoning
A - Commercial
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Starbucks Corporation began in 1971 as a coffee bean retailer in Seattle's Pike Place Market. The company transformed into a coffeehouse under Howard Schultz's leadership in the 1980s. Starbucks expanded internationally in the 1990s, establishing a worldwide presence with company-operated stores and licensed locations. The business serves coffee beverages, teas, and various food items while operating through multiple segments including retail operations and product licensing. Starbucks maintains a significant global footprint in the coffee retail industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-25-27-3399-0001-0010 | Improvements Assessment | $1,844,900 |
| Land Assessment | $1,020,800 | Total Assessment | $2,865,700 |
Property Taxes
Parcel Number
11-25-27-3399-0001-0010
Land Assessment
$1,020,800
Improvements Assessment
$1,844,900
Total Assessment
$2,865,700
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2875 N Old Lake Wilson Rd
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