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2046 Florida 19 2,500 SF 4-Star Retail Building Tavares, FL 32778 $6,359,053 CAD ($2,543.62 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Newly constructed Starbucks featuring a modern prototype and drive-thru format, designed to support high throughput and long-term operational success
- New Construction w/ Roof Warranty | 2025 Construction with drive-thru and 20-year transferable roof warranty
- Excellent visibility, direct access, and strong surrounding demographics support continued consumer demand and long-term residual value
- Starbucks is one of the world’s most recognizable & dominant coffee retailers, operating more than 35K locations globally & backed by strong credit
- Strategically positioned along a high-growth corridor near new retail developments, daily-needs drivers & 1,200±homes under construction
Executive Summary
CBRE is pleased to present the exclusive net-lease offering for a newly constructed Starbucks Drive-thru Coffee containing approx. 2,500±rentable SF of building space on a 1.04±AC parcel, located at 2046 US SR 19 in Tavares, Florida, a top Florida growth market benefiting from it’s close proximity to Orlando’s economy. The property is strategically situated as an outparcel to a new Publix-anchored shopping center and benefits from direct frontage to State Road 19, a major throughfare servicing the community, providing excellent visibility to over 42,000±VPD.
This Starbucks Coffee is secured by an original 15-year Double-Net Plus (NN+) lease, with four (4) options to renew of 5-years each. The rent commenced and location opened for business on July 1, 2025. The annual rent is $234,990, with scheduled increases of ten percent (10%) every five (5) years throughout the initial term and in each renewal option.
This Starbucks Coffee is secured by an original 15-year Double-Net Plus (NN+) lease, with four (4) options to renew of 5-years each. The rent commenced and location opened for business on July 1, 2025. The annual rent is $234,990, with scheduled increases of ten percent (10%) every five (5) years throughout the initial term and in each renewal option.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$333,850
|
$146.23
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $333,850 |
| Annual Per SF | $146.23 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$6,359,053 CAD
Price Per SF
$2,543.62 CAD
Cap Rate
5.25%
NOI
$333,850 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.05 AC
Zoning
C-2
Parking
29 Spaces (11.6 Spaces per 1,000 SF Leased)
Frontage
173’ on Florida 19
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Starbucks began in 1971 as a coffee business in Seattle, where the company first sold coffee beans and related equipment before evolving into a broader coffeehouse brand. The business now focuses on responsibly sourced arabica coffee, company-operated and licensed coffeehouses, and a growing consumer-packaged goods presence. Starbucks has built a wide market presence around specialty coffee, with offerings that span brewed drinks, espresso-based beverages, food, and retail products distributed through its store network and packaged-goods channels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 06-20-26-1000-000-00600 | Improvements Assessment | $0 CAD (2026) |
| Land Assessment | $1,279,938 CAD (2026) | Total Assessment | $1,279,938 CAD (2026) |
Property Taxes
Parcel Number
06-20-26-1000-000-00600
Land Assessment
$1,279,938 CAD (2026)
Improvements Assessment
$0 CAD (2026)
Total Assessment
$1,279,938 CAD (2026)
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2046 Florida 19
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