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Starbucks | 15-YR Lease | Publix OP 29925 FL-19 2,500 SF Retail Building Tavares, FL 32778 $6,248,138 CAD ($2,499.26 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare opportunity to own a hyper secure, newly constructed 15-YR Starbucks in Central Florida
- Prime location in front of high volume Publix and proximity to best in class traffic generators
- Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth
- Lake County's population has surged by more than 17% since 2020 making it one of the fastest growing counties in Florida
- 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 constructed Starbucks featuring a 15 Year Net Lease with 10% rental increases every 5 years. Starbucks is planning to open for business in June.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
2025
Price
$6,248,138 CAD
Price Per SF
$2,499.26 CAD
Cap Rate
5.25%
NOI
$328,041 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.59 AC
Zoning
A - Agricultural
Parking
5 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
44’ on Florida 19
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Starbucks
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Starbucks | - | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 31-19-26-0004-000-01600 | Improvements Assessment | $140,435 CAD |
| Land Assessment | $42,402 CAD | Total Assessment | $182,837 CAD |
PROPERTY TAXES
Parcel Number
31-19-26-0004-000-01600
Land Assessment
$42,402 CAD
Improvements Assessment
$140,435 CAD
Total Assessment
$182,837 CAD
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Starbucks | 15-YR Lease | Publix OP | 29925 FL-19
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