Starbucks - Deltona FL
Part of Deltona Village Development (140 AC) | OFF I-4 (93,000 VPD) | Top 85% of Starbucks
Marketing description
Introducing an exceptional investment opportunity at 3221 Howland Boulevard, Deltona, Florida! This single-tenant NN property with a drive-thru is part of the prestigious Deltona Village Development and boasts an impressive location directly off Interstate 4, with high traffic volume. The property features a top-tier Starbucks outlet, ranking in the top 85% nationwide according to Placer.AI. With a net operating income of $200,000 and a cap rate of 5.75%, this property offers a secure investment with a corporate-guaranteed lease from Starbucks (S&P: BBB+). With 9+ years remaining on the lease, scheduled rental increases, and excellent visibility, this property presents a compelling opportunity for investors seeking stable returns and future growth potential. Don't miss out on this prime commercial asset strategically positioned for success in Deltona's thriving market!
Investment highlights
Directly Off Interstate 4 (93,000 VPD) | Strong Tenant Synergy | Drive-Thru Equipped | Excellent Visibility & Ease of Access
· Starbucks fronts the signalized intersection of Howland Boulevard and State Highway 472, collectively generating more than 47,300 VPD
· The asset will benefit from the presence of Interstate 4 which generates approximately 93,000 VPD on average
· The subject property will benefit from having multiple points of access, cross access with the neighboring Burger King and being drive-thru equipped
· National credit tenants in the immediate trade area include; Wawa, McDonald’s, Burger King, Dollar General, Wendy’s, O’Reilly Auto Parts, an Amazon Distribution Center and many others
Deltona Village Development (140 Acre) | Deltona High School | Amazon Distribution Expansion | Medical Center of Deltona
· Deltona Village is an approved 140 acre mixed-use development that will include 600+ new apartments, 50k square feet of light industrial/manufacturing, 25 acre Amazon Distribution Center expansion (1.4M SF to date), grocery-anchored retail development, hotel development and more
· Starbucks will also benefit from Deltona High School which fronts Howland Blvd and has more than 1,700 students enrolled
· Halifax Health Center is know as the medical center of Deltona, positioned behind the newly developed Wawa across the street, it provides 96 beds in private rooms, six operating suites pre-and post-op spaces, imaging center, ICU patients rooms and more
Ideal Demographics Local Trade Area | Population Growth (YOY)
· The average household income within a 3-mile radius is beyond $83,000
· Population counts exceed 128,000 individuals within a 5-mile radius
· The local trade area is anticipating a 1.88% year over year population increase from 2023-2038
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