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Starbucks | 6.25% CAP | New 10-YR Lease 410 Myrtle St 1,400 SF Retail Building Longwood, FL 32750 $4,335,303 CAD ($3,096.64 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
-
- Accommodation and Food Services
- -
- -
- -
Starbucks began in 1971 in Seattle's Pike Place Market as a roaster and retailer of whole bean coffee, tea, and spices, and the business later developed into a coffeehouse brand centered on handcrafted beverages and customer connection. Starbucks operates a large network of company-operated and licensed coffeehouses and has a growing presence in consumer-packaged goods, extending the brand beyond cafés into at-home coffee products. The company's menu and format strategy includes coffeehouse and menu innovation, along with food offerings that span bakery items, snacks, and other daypart products. Starbucks focuses on specialty coffee, beverage service, and branded consumer products across its retail and packaged-goods business.
| 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 | $1,529,829 CAD | Total Assessment | $1,529,829 CAD |
Property Taxes
Presented by
Atlantic Capital Partners
Starbucks | 6.25% CAP | New 10-YR Lease | 410 Myrtle St
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