3221 Howland BlvdDeltona, FL 32725

Property Details for 3221 Howland Blvd

Lot size

0.87 AC

Property type

Commercial land

APN

8107-06-00-0056

APU

810706000056

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2023-built Starbucks located at 3221 Howland Blvd, Deltona, FL 32725. The 2,630 square foot, single-tenant building sits on a 0.86-acre lot and boasts a drive-thru, offering excellent visibility and accessibility. The property benefits from its high-traffic location directly off Interstate 4 (93,000 vehicles per day) and a signalized intersection with Howland Boulevard and State Highway 472 (47,300+ vehicles per day). This strategic placement ensures high customer traffic and strong tenant synergy with neighboring businesses, including Burger King. The Starbucks lease is a net lease with a credit-rated tenant, providing a secure investment. The current lease term is 10.4 years, commencing September 28, 2023, and expiring February 26, 2034, with a remaining term of 9.3 years. The lease includes 10% rent bumps every five years and six five-year lease options. The property generates a strong net operating income (NOI) of $200,000, resulting in a 5.40% cap rate. The surrounding area features a robust mix of national credit tenants, including Wawa, McDonald's, Dollar General, Wendy's, O'Reilly Auto Parts, and an Amazon distribution center. Further enhancing the property's value is its proximity to the 140-acre Deltona Village development, which includes a 25-acre Amazon expansion, a new apartment complex, and additional retail space. Deltona High School (1,700+ students) and the Halifax Health Center (96-bed medical facility) are also nearby. The area boasts strong demographics, with an average household income exceeding $83,000 within a 3-mile radius and a population exceeding 128,000 within a 5-mile radius, projecting a 1.88% year-over-year population increase from 2023-2038. The asking price is $3,704,000.

• Alternative Use

  Use

  Valuation

  Residential

  $7,343,800

  Hospitality

  $6,726,882

  Educational

  $5,596,687

  Medical

  $5,789,166

  Retail

  $8,705,957

Location Insight

City

Deltona

County

Volusia

State

Florida

Latitude

28.948

Longitude

-81.2511

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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