1906 Fl-44New Smyrna Beach, FL 32168

Property Details for 1906 Fl-44

Year built

2024

Lot size

1.06 AC

Property type

Retail properties

Description

This exceptional investment opportunity presents a 2,500 square foot Starbucks located in New Smyrna Beach, Florida. Situated on a 1.06-acre lot at the hard corner of State Highway 44 (44,000 VPD), this property benefits from high visibility and traffic counts. The building, constructed in 2024, features a drive-thru for enhanced operational efficiency. This net lease property offers a corporate guaranteed tenancy with a 10-year lease commencing February 20, 2024, including six 5-year renewal options and 10% rent bumps every five years. The property boasts 32 parking spaces and is part of the NSB Regional Shopping Center, an outparcel adjacent to a high-performing Publix (top 82% nationwide). The strategic location near I-95 (78,000 VPD) and Dixie Highway (28,000 VPD) ensures significant exposure. Nearby national tenants include Home Depot, Wawa, Chipotle, and Aldi, further solidifying the area's retail strength. The property generates a net operating income (NOI) of $180,000, representing a 5.00% cap rate on the $3,600,000 asking price. This is a rare opportunity to acquire a well-positioned, high-performing Starbucks investment with a strong tenant and favorable lease terms.

Location Insight

City

New Smyrna Beach

County

Volusia

State

Florida

Latitude

29.0132

Longitude

-80.9474

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