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 Coffee Company is a multinational coffeehouse operator headquartered in Seattle, Washington. The company was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker, initially operating as a retailer of roasted coffee beans and equipment in Seattle’s Pike Place Market. Starbucks later expanded into a café-based model emphasizing handcrafted beverages and in-store customer experience, evolving into one of the most recognizable food and beverage brands worldwide. Starbucks operates through a mix of company-operated and licensed stores, selling coffee, tea, espresso-based beverages, and complementary food items.
| 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.