Starbucks Coffee | Brand New - Publix Outparcel
Publix-anchored Shopping Center Outparcel
Marketing description
CBRE is pleased to present the exclusive net-lease offering for a newly constructed Starbucks Drive-thru Coffee containing approx. 2,500±rentable SF of building space on a 1.04±AC parcel, located at 2046 US SR 19 in Tavares, Florida, a top Florida growth market benefiting from it’s close proximity to Orlando’s economy. The property is strategically situated as an outparcel to a new Publix-anchored shopping center and benefits from direct frontage to State Road 19, a major throughfare servicing the community, providing excellent visibility to over 42,000±VPD.
This Starbucks Coffee is secured by an original 15-year Double-Net Plus (NN+) lease, with four (4) options to renew of 5-years each. The rent commenced and location opened for business on July 1, 2025. The annual rent is $234,990, with scheduled increases of ten percent (10%) every five (5) years throughout the initial term and in each renewal option.
Investment highlights
Brand-New Starbucks with Drive-Thru
- Newly constructed Starbucks featuring a modern prototype and drive-thru format, designed to support high throughput and long-term operational success.
Investment-Grade Tenant | Corporate Guarantee
- Starbucks is one of the world’s most recognizable and dominant coffee retailers, operating more than 35,000 locations globally and backed by strong corporate credit.
Long-Term Net Lease with Embedded Rent Growth
- Favorable long-term lease structure with scheduled rental increases, providing durable cash flow and a hedge against inflation.
New Construction w/ Roof Warranty
- 2025 Construction with drive-thru and 20-year transferable roof warranty
Prime Retail Location in High-Growth Market
- Strategically positioned along a high-growth corridor near new retail developments, daily-needs drivers and over 1,200±homes under construction, enhancing long-term tenant performance.
Strong Real Estate Fundamentals
- Excellent visibility, direct access, and strong surrounding demographics support continued consumer demand and long-term residual value.
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