287 High Water Ln - Fast Food FOR SALE


Sanford, FL 32771
$3,700,000 USD
480-221-4221
287 High Water Ln, Sanford, FL for Sale
$3,700,000 USD
Fast Food - FOR SALE
1/10
null | 5.11% Cap Rate

287 High Water Ln
Sanford, FL 32771


HIGHLIGHTS

  • New 10-Year Lease | Scheduled Rental Increases | Corporate Signed | New Construction | Established Brand
  • Located Along State Highway 46 | Centralized Location |Dense Trade Area With Strong Tenants | Drive-Thru Equipped
  • Direct Residential Consumer Base | Affluent Community |Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, drive-thru equipped, corporate signed, Starbucks investment property located in Sanford, FL (Orlando MSA). The tenant recently signed a brand new 10-year lease with 6 (5-year) option periods left to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity (S&P: BBB+) and is NN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. The property, which opened in Q4 2023, features a state-of-the-art design using the highest-grade materials available. Founded in 1971, Starbucks is the premier roaster and retailer of specialty coffee with over 38,000 locations worldwide.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$1,480 USD /SF

CAP RATE

5.11%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | New 10yr Corp NN | 2023 Constr

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

5.04 AC

LAND SF

219,487 SF

ZONING

PCD

APN/PARCEL ID

30-19-30-532-0000-0040

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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