287 High Water Ln Sanford, FL 32771

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.