For Sale
$2,378,904

3850 Fl-436Apopka, FL 32703

High-performing Starbucks, Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: a 1,816 sq ft Starbucks in Apopka, FL, boasting a strong 5.00% cap rate and $118,945 NOI. This single-tenant, net-lease property features a corporate-guaranteed lease with 8.5 years remaining (extending to 2033). Located on 0.76 acres at 3850 FL-436, 32703, in a high-traffic area with national retailers like Publix, Ace Hardware, McDonald's, and Taco Bell. The property, built in 2008, sits within the Orlando MSA, a top tourist destination attracting over 74 million annual visitors. This location is in the top 40% of Starbucks nationwide for annual visits, demonstrating consistent performance. The property benefits from a C zoning designation and offers a passive investment opportunity with no state income tax. The asking price is $2,378,904, translating to $1,309.97 per square foot. This is a rare chance to acquire a well-established, high-performing asset in a prime location. The lease commenced on May 31, 2008, and the property has a single story building.

Highlights

  • Starbucks has operated at this location since 2008, recently extending its lease to 2033.
  • Florida offers no state income tax, making this a low-management, passive investment.
  • Located in Orange County, a major tourist destination with over 74 million annual visitors.
  • Strong surrounding retail, including high-performing Publix, Ace Hardware, McDonald's, and Taco Bell.
  • This Starbucks location ranks in the top 40% nationally for annual visits.

Property Details for 3850 Fl-436

Property type
Retail properties
Square Feet
1,816 SF
Year Built
2008
Buildings
1
Stories
1
Lot Size (sq. ft)
33,106 SF

Location Insight

City
Apopka
County
Seminole
State
Florida
Latitude
28.66914973
Longitude
-81.44150517
3850 Fl-436, Apopka, Florida

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3850 Fl-436
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