1906 FL-44 - Fast Food FOR SALE


New Smyrna Beach, FL 32168
$3,272,700 USD
813-434-8278
1906 FL-44, New Smyrna Beach, FL for Sale
$3,272,700 USD
Fast Food - FOR SALE
1/11
null | 5.5% Cap Rate

1906 FL-44
New Smyrna Beach, FL 32168


HIGHLIGHTS

  • Options To Extend | 2024 Construction | Options To Extend | Corporate Signed | Scheduled Rental Increases
  • NN Leased | Fee Simple Ownership | No State Income Tax |Limited Landlord Responsibilities
  • Hard Corner | Outparcel to NSB Regional Shopping Center | Drive-Thru Equipped | Dense Retail Corridor | Dixie Hwy & I95
  • Local Demographics in 5-Mile Trade Area | Six-Figure Income | New Smyrna Beach

OVERVIEW

• 7+ years remaining with 6 (5-year) options to extend, demonstrating their long-term commitment to the site • 2024 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements • The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 41,000 stores • The lease features 10% rental increases every 5 years and at the beginning of each option

FOR SALE DETAILS

PRICE

$3,272,700 USD

PRICE/SF

$1,309 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks - Daytona Beach (New Smyrna Beach)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

B-5

APN/PARCEL ID

7343-06-00-0720

ASK ABOUT THIS PROPERTY

William WambleSRS Real Estate PartnersMore Info
813-434-8278

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William WambleSRS Real Estate PartnersMore Info
813-434-8278

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.