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Starbucks | 15-YR NNN Lease 29925 FL-19 2,500 SF Retail Building Tavares, FL 32778 $6,107,099 CAD ($2,442.84 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 geneartors
- 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
- Brand new construction with drive-thru and 20-year transferable roof warranty
- Fee simple ownership of the building allows for depreciation boosting after tax returns
Executive Summary
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Starbucks is a publicly traded coffeehouse and beverage company focused on the sourcing, roasting, and retailing of coffee and related products. Founded in 1971 in Seattle, Washington, the company began as a retailer of whole bean coffee and coffee equipment before evolving into a café-based model in the late 1980s. Starbucks operates company-owned and licensed locations across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region, supported by regional offices and corporate functions. The company’s operations include retail stores, roasting facilities, and supply chain infrastructure that supports both in-store and packaged goods channels. Starbucks has expanded its portfolio over time to include tea-based beverages, food offerings, and ready-to-drink products distributed through grocery and foodservice partners. The company has also developed premium concepts, including Starbucks Reserve, which emphasizes small-batch coffee and experiential retail formats. Starbucks is listed on the Nasdaq under the ticker symbol SBUX. Its corporate headquarters, known as the Starbucks Center, is located in Seattle and houses executive leadership, global operations, and administrative functions.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Accommodation and Food Services | - | - | - |
Property Taxes
| Parcel Number | 31-19-26-0004-000-01600 | Improvements Assessment | $135,537 CAD |
| Land Assessment | $551,330 CAD | Total Assessment | $686,867 CAD |
Property Taxes
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Starbucks | 15-YR NNN Lease | 29925 FL-19
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