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7090 Waterset Blvd
Apollo Beach, FL 33572
Starbucks · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Features a dual-lane drive-thru and mobile order pickup zones, optimizing service speed and customer experience
  • The lease is backed by Starbucks Corporation, a globally recognized and financially secure tenant, offering unparalleled investment security
  • A 10-year net lease with 10% rental escalations every five years ensures predictable income growth with minimal landlord responsibilities
  • Brand New 2024 Construction in tax-free state, perfect for passive out of state investor

EXECUTIVE SUMMARY

Situated within a Publix-anchored shopping center, this 1,050 SF Starbucks benefits from the high daily foot traffic that Publix generates, making it a premier retail destination. Households within a 1-mile radius of the property exhibit strong spending patterns, particularly in retail and dining, supported by an average household income of $131,322 and a growing population base. Features a 10-year NNN lease with 10% rental escalations every five years, creating a predictable income stream. The corporate lease is guaranteed by Starbucks Corporation, providing financial security for investors. The property is strategically located near East Bay High School (2,000+ students), Eisenhower Middle School (1,276 students), and St. Joseph’s Hospital South (223 beds, 600 employees), ensuring consistent traffic throughout the day. The property is strategically located near East Bay High School (2,000+ students), Eisenhower Middle School (1,276 students), and St. Joseph’s Hospital South (223 beds, 600 employees), ensuring consistent traffic throughout the day. Surrounded by major retailers such as Walmart Supercenter and Home Depot Distribution Center, as well as the growing Waterset residential community, this Starbucks benefits from strong retail synergy

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,050 SF
Building Class
B
Year Built
2024
Price
$4,908,991 CAD
Price Per SF
$4,675.23 CAD
Cap Rate
5.25%
NOI
$257,722 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.96 AC
Zoning
PD
Parking
16 Spaces (15.24 Spaces per 1,000 SF Leased)

AMENITIES

  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
U-14-31-19-ZZZ-000001-74270.3
Land Assessment
$11,278,627 CAD
Improvements Assessment
$0 CAD
Total Assessment
$11,278,627 CAD
  • Listing ID: 35024523

  • Date on Market: 2025-03-05

  • Last Updated:

  • Address: 7090 Waterset Blvd, Apollo Beach, FL 33572

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