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Starbucks - Daytona Beach (New Smyrna Beach) 1906 FL-44 2,500 SF Retail Building New Smyrna Beach, FL 32168 $4,557,464 CAD ($1,822.99 CAD/SF) 5.50% Cap Rate

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Investment Highlights

Options To Extend | 2024 Construction | Options To Extend | Corporate Signed | Scheduled Rental Increases
Hard Corner | Outparcel to NSB Regional Shopping Center | Drive-Thru Equipped | Dense Retail Corridor | Dixie Hwy & I95

NN Leased | Fee Simple Ownership | No State Income Tax |Limited Landlord Responsibilities
Local Demographics in 5-Mile Trade Area | Six-Figure Income | New Smyrna Beach

Executive Summary

• 7+ years remaining with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• 2024 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements
• The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 41,000 stores
• The lease features 10% rental increases every 5 years and at the beginning of each option

New Smyrna Beach FL - Starbucks

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,500 SF

Building Class

Year Built

2024

Price

$4,557,464 CAD

Price Per SF

$1,822.99 CAD

Cap Rate

5.50%

NOI

$250,663 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.05

Lot Size

1.06 AC

Zoning

B-5 - Planned Shopping Center

Parking

32 Spaces (12.8 Spaces per 1,000 SF Leased)

Corner Lot
Signage

Signalized Intersection

Drive Thru

Air Conditioning

Accommodation and Food Services
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Jan 0000

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.