23250-US Highway 27 - Fast Food FOR SALE
Lake Wales, FL 33859 |
$4,381,000 USD
561-427-6699
23250-US Highway 27
Lake Wales, FL 33859
HIGHLIGHTS
- Rare opportunity to own a hyper secure, newly constructed 15-YR Starbucks in Central Florida
- Lake County's population has surged by more than 17% since 2020 making it one of the fastest growing counties in Florida
- Starbucks Corporation guarantees the lease and is responsible for maintaining the parcel which provides passive ownership and long-term stable cash fl
- Brand new construction with drive-thru and 20-year transferable roof warranty
- Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth
- Fee simple ownership of the building allows for depreciation boosting after tax returns
FOR SALE DETAILS
PRICE
$4,381,000 USD
PRICE/SF
$1,825 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
STATUS
Proposed
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks | Rare 15-YR Lease | Self-Maintain
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.16 AC
LAND SF
50,530 SF
ZONING
C-3
APN/PARCEL ID
27-29-21-866002-000010
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561-427-6699
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561-427-6699
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