For Sale
$4,059,000

210 International Speedway BlvdDeLand, FL 32724

High-yield Starbucks NNN lease, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, single-story Starbucks located at 210 E International Speedway Blvd, DeLand, FL 32724. Built in 2024, this 2,710 square foot QSR/Fast Food establishment boasts a 100% occupancy rate with a credit-rated tenant, offering a secure and stable income stream. The property sits on a 1.2-acre lot with ample parking (32 spaces) and benefits from a highly visible location at a signalized, hard corner intersection of East International Speedway Blvd and North Amelia Ave. Its strategic placement near Stetson University and across from the Publix-anchored Northgate Shopping Center (including Truist, Tractor Supply Co., and Big Lots) ensures a robust customer base. The strong performance of the nearby Publix, ranking in the top 95% of nationwide locations, further underscores the area's retail strength. The property's proximity to other big-box retailers like Lowe's, Walmart Supercenter, and ALDI reinforces its prime location within a thriving commercial area. The current Net Operating Income (NOI) stands at $209,063, yielding a 5.15% cap rate. The lease is a Net Lease (NNN) with attractive 10% rent bumps every five years, providing significant long-term growth potential. This is a rare opportunity to acquire a high-performing, well-located Starbucks in a rapidly growing market.

Highlights

  • Fee-simple ownership of a brand-new, 2,710 SF Starbucks in DeLand, FL.
  • Located on a 1.2-acre lot at a signalized intersection of E International Speedway Blvd and N Amelia Ave.
  • Less than 1.5 miles from Stetson University.
  • Across from a Publix-anchored shopping center including Truist, Tractor Supply Co., and Big Lots; this Publix ranks in the top 95% nationally.
  • Strong surrounding retail presence including Lowe's, Walmart, and ALDI.

Property Details for 210 International Speedway Blvd

Property type
Retail properties
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
52,272 SF

Location Insight

City
DeLand
County
Volusia
State
Florida
Latitude
29.0543827
Longitude
-81.3013294
210 International Speedway Blvd, DeLand, Florida

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210 International Speedway Blvd
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