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Starbucks | 6.25% CAP | New 10-YR Lease 410 Myrtle St 1,400 SF Retail Building Longwood, FL 32750 $3,120,000 ($2,228.57/SF) 6.25% Cap Rate
Investment Highlights
- Rare opportunity to own a hyper secure, newly constructed 10-YR Starbucks in Orlando, FL
- High-profile location surrounded by traffic generators Wawa, Walgreens, Sonic, Taco Bell and CVS
- Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth
- Orlando ranked #1 nationally in employment growth in 2024 and #8 nationally in new housing starts
- Starbucks has an investment grade credit rating and is the largest coffee provider in the World with over 35,700 stores
- 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 renovated Starbucks featuring a 10 Year Net Lease with 10% rental increases every 5 years. Starbucks has been open for business since January 2025
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
1,400 SF
Building Class
B
Year Built/Renovated
2008/2025
Price
$3,120,000
Price Per SF
$2,228.57
Cap Rate
6.25%
NOI
$195,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.77 AC
Zoning
GC
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
50/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 32-20-30-521-0000-0030 | Improvements Assessment | $0 |
| Land Assessment | $1,091,480 | Total Assessment | $1,091,480 |
Property Taxes
Parcel Number
32-20-30-521-0000-0030
Land Assessment
$1,091,480
Improvements Assessment
$0
Total Assessment
$1,091,480
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Videos
Matterport 3D Exterior
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Photos
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Starbucks | 6.25% CAP | New 10-YR Lease | 410 Myrtle St
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