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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
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 | - | - | - |
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
Presented by
Starbucks | 6.25% CAP | New 10-YR Lease | 410 Myrtle St
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