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2046 Florida 19
Tavares, FL 32778
Retail Property For Sale
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.
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
$6,130,822 CAD
Price Per SF
$2,452.33 CAD
Cap Rate
5.25%
NOI
$321,868 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
Property Taxes
| Parcel Number | 06-20-26-1000-000-00600 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,234,000 CAD | Total Assessment | $1,234,000 CAD |
Property Taxes
Parcel Number
06-20-26-1000-000-00600
Land Assessment
$1,234,000 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,234,000 CAD
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