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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
Fast Food
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 began in 1971 in Seattle's Pike Place Market as a roaster and retailer of whole bean and ground coffee, tea, and spices. The company became a coffeehouse in 1987 and has since expanded into a global business centered on coffee drinks, food, cups, and merchandise. Starbucks now connects with millions of customers every day through a broad retail network and also brings some of its branded coffee products and creamers into grocery channels. The company's business is built around coffee craftsmanship, food and beverage service, and neighborhood-focused store experiences.
| 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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Matterport 3D Exterior
Matterport 3D Tour
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Map
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Starbucks | 6.25% CAP | New 10-YR Lease | 410 Myrtle St