For Sale
$3,700,000

287 High Water LnSanford, FL 32771

Sanford, FL: High-traffic Starbucks

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 2,500 square-foot Starbucks located in Sanford, Florida, within the Orlando MSA. The property boasts a newly signed 10-year triple-net (NNN) lease with a corporate guarantee from Starbucks (S&P: BBB+), offering significant long-term stability. The lease includes 10% rental increases every five years, providing built-in protection against inflation and increasing net operating income (NOI) of $189,000. Situated on a 1.22-acre lot with 39 parking spaces, the property benefits from a prime location at the signalized intersection of State Highway 46 and International Parkway, experiencing high daily traffic volume. The site is strategically positioned near major shopping centers, including Towne Center Plaza, Gateway Plaza, and Seminole Towne Center, and is surrounded by strong national credit tenants such as Walmart, Target, and Publix. The property also enjoys proximity to numerous residential communities, providing a substantial consumer base. The 5-mile trade area boasts a population exceeding 106,300 residents and 59,000 daytime employees, with affluent average household incomes. The property features a drive-thru and was built in 2023, with a permitted Planned Development (PD) zoning. The asking price is $3,700,000, representing a 5.11% cap rate. The lease has six 5-year renewal options. This is a low-management, passive investment opportunity with exceptional growth potential.

Property Details for 287 High Water Ln

Property type
Retail properties, Restaurants
Square Feet
2,500 SF
Year Built
2023
Lot Size (sq. ft)
53,143 SF

Location Insight

City
Sanford
County
Seminole
State
Florida
Latitude
28.8106787
Longitude
-81.348468
287 High Water Ln, Sanford, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
287 High Water Ln
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message