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Starbucks | 6.25% CAP | New 10-YR Lease 410 Myrtle St 1,400 SF Retail Building Longwood, FL 32750 $4,325,693 CAD ($3,089.78 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare opportunity to own a hyper secure, newly constructed 10-YR Starbucks in Orlando, FL
- High-profile location surrounded by traffic generators Wawa, Walgreens, Sonic, Taco Bell and CVS
- Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth
- Orlando ranked #1 nationally in employment growth in 2024 and #8 nationally in new housing starts
- 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
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Accommodation and Food Services
- -
- -
- -
Starbucks is a multinational coffeehouse chain founded in 1971 in Seattle, Washington. Initially a retailer of coffee beans and equipment, the company expanded under Howard Schultz’s leadership in the late 1980s to become a global coffeehouse brand. Starbucks operates thousands of stores worldwide, offering coffee, tea, and food products alongside branded merchandise. The company emphasizes ethical sourcing and sustainability in its operations. Its growth strategy includes licensed stores, digital ordering platforms, and specialty formats such as Starbucks Reserve® Roasteries.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 32-20-30-521-0000-0030 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,513,272 CAD | Total Assessment | $1,513,272 CAD |
PROPERTY TAXES
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Starbucks | 6.25% CAP | New 10-YR Lease | 410 Myrtle St
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