Your email has been sent.
Starbucks | 15-YR NNN Lease 29925 FL-19 2,500 SF Retail Building Tavares, FL 32778 $4,476,000 ($1,790.40/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare opportunity to own a hyper secure, newly constructed 15-YR Starbucks in Central Florida
- Prime location in front of high volume Publix and proximity to best in class traffic geneartors
- 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
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
Starbucks is a multinational coffeehouse chain founded in 1971 in Seattle, Washington. Initially a retailer of coffee beans and equipment, the company expanded under Howard Schultz’s leadership in the late 1980s to become a global coffeehouse brand. Starbucks operates thousands of stores worldwide, offering coffee, tea, and food products alongside branded merchandise. The company emphasizes ethical sourcing and sustainability in its operations. Its growth strategy includes licensed stores, digital ordering platforms, and specialty formats such as Starbucks Reserve® Roasteries.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | - |
PROPERTY TAXES
| Parcel Number | 31-19-26-0004-000-01600 | Improvements Assessment | $99,529 |
| Land Assessment | $404,860 | Total Assessment | $504,389 |
PROPERTY TAXES
Presented by
Starbucks | 15-YR NNN Lease | 29925 FL-19
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.