Price $1,800,000 $1,865,000 | Built/Renov 2006 | Tenant Starbucks |
Cap Rate 5.18% 5.00% | Lease Type
NN+ | Guarantor Corp T and Rated |
Size/SF
1,750
| Lease Start
11-08-2006
| #Units
36,000
|
Price/SF $1,028.57 $1,065.71 | Expiration
02-28-2027
| Tenant Type Fast Food/QSR |
NOI $93,170 | R. Term 3.2 | Ownership Fee Simple |
Rent/SF
$53.24
| Increases 10.0%/4/yrs | Pop 5Mi 75,189 |
Lot/AC 0.53 | Options 4/5yrs/10% | AHHI 5Mi $78,079 |
| |
This 1,750 square foot Starbucks has been operating at the property since 2006. It is strategically located in an excellent location at the signalized, hard corner intersection of Rolling Acres Road and Highway 441/U.S. 27 with access to more than 43,000 VPD. The subject property is located within a dense retail corridor adjacent to The Villages, the largest retirement community in the United...
...Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Highway location
Top 100 MSA
Income tax free state
Population increase trend
Traded and rated company
Investment grade tenant
Starbucks Corporation is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official merchandise, such...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 3,100 | 21,713 | 78,321 |
2023 Total Population : | 3,062 | 21,407 | 75,959 |
2023 Employed Civilian Pop : | 1,434 | 9,100 | 19,889 |
2023 Total Businesses : | 84 | 781 | 2,102 |
2023 Average Household Income : | $ 61,621 | $ 73,854 | $ 85,247 |
2023 Total Consumer Spending : | $ 66 M | $ 638 M | $ 2942 M |
2023 Median Age : | 42 | 56 | 67 |
2023 Total Households : | 1,230 | 9,884 | 39,477 |
2023 Pop Age 25+: Bachelor's Degree : | 238 | 2,577 | 13,641 |
2023 Average Home Value : | $ 168,140 | $ 260,848 | $ 351,700 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
US Hwy 27 | The Cove at Lady Lake Apts Dr | 2012 | 27,000 | 0.03 mi |
Citrus Boulevard | Hwy 27 | 2021 | 29,500 | 0.38 mi |
Lake Ella Rd | Pvt Dr 2406 | 2012 | 1,140 | 0.74 mi |
US Hwy 27 | Oak Hill Rd | 2012 | 30,717 | 0.80 mi |
Griffin View Dr | Ivanhoe Cir | 2012 | 4,040 | 0.82 mi |
Griffinview Drive | Grays Airport Rd | 2020 | 3,800 | 0.92 mi |
Griffinview Drive | Southland Rd | 2021 | 3,800 | 0.92 mi |
Eagles Nest Rd | Harris Lake Rd | 2012 | 3,200 | 1.06 mi |
Lake Ella Road | Fiesta Key Cir | 2021 | 2,200 | 1.35 mi |
Lady Lake Blvd | Neil Ct | 2012 | 685 | 1.37 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]