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Starbucks - New Smyrna Beach FL
Fronting State Hwy 44 (44,000 VPD) | Next To High-Performing Publix (Top 82% Nationwide)
Listing Contacts
See All (3)
License: FL SL3457674
License: FL FL SL3257920
Active
Asking Price: $3,429,000
Address
1906 FL-44, New Smyrna Beach, FL 32168
Show on MapDate Added
Nov 25, 2024
Days on Market
110 days
Time Since Last Update
65 days
Details
Property TypeRetail
SubtypeQSR/Fast Food
Investment TypeNet Lease
Lease TypeNN
Tenant CreditCredit Rated
TenancySingle
Brand/TenantStarbucks
Lease Term10 years
Lease Commencement02/20/2024
Net Rentable (sq ft)2,500
Cap Rate5.25%
NOI$180,000
Year Built2024
Lot Size (acres)1.06
Rent Bumps10% Every 5 Years
Lease Options6 (5-Year)
OwnershipFee Simple
Investment Highlights
Hard Corner | Outparcel to NSB Regional Shopping Center | Drive-Thru Equipped | Dense Retail Corridor | Dixie Hwy & I95
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Starbucks is ideally located at the signalized, hard corner of State Hwy 44, which averages 44,000 vehicles passing by daily
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The subject property is strategically located just east of I-95 (78,000 VPD) and west of S Dixie Hwy (28,000 VPD), both major thoroughfares that connect South Florida to North Florida
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The site is equipped with a drive-thru, allowing for Starbucks to maximize efficiency and productivity at this location
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The subject property is an outparcel to NSB Regional Shopping Center (118,000+ SF), which is anchored by Publix, Big Lots, Dollar Tree, and many more
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The Publix ranks in the top 82% (226 out of 1,321) of all nationwide locations according to placer.ai
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Other nearby national/credit tenants include Home Depot, Wawa, Chipotle, and Aldi
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,000.00
$15,000.00/mo
Valuation Metrics
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0
DSCR
5.25%
Cap Rate
5.25%
ROI
Property History
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Due Diligence
Listing Contacts
See All (3)- License: FL SL3457674
- License: FL FL SL3257920
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Broker Information
Broker Information
Broker Name
Robert Dillard
Broker License
FL SL3457674
Brokerage Name
SRS
Broker Title
Sales Associate
Brokerage Address
1501 West Cleveland Street, Tampa, United States 33606
Broker Name
William Wamble
Broker License
FL FL SL3257920
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