9030 W Irlo Bronson Memorial Hwy - Fast Food FOR SALE


Kissimmee, FL 34747
$2,990,000 USD
407-261-4404
9030 W Irlo Bronson Memorial Hwy, Kissimmee, FL for Sale
$2,990,000 USD
Fast Food - FOR SALE
1/4
null | 5.25% Cap Rate

9030 W Irlo Bronson Memorial Hwy
Kissimmee, FL 34747


HIGHLIGHTS

  • New Construction: Tenant opened January, 2025.
  • Rare Self-Maintain Provision*: Tenant handles all regular maintenance of the Premises, which is rare/favorable to the LL compared to a typical SBUX.
  • Investment-Grade Credit Tenant: S&P Credit Rating: BBB+.
  • Long-term Lease: 10-year initial term with (6) 5-year renewal options.
  • Scheduled Rent Increases: 10% rent increases every 5 years throughout initial term and renewal terms.
  • High-Traffic Signalized Outparcel: 55,500 vehicles per day with convenient cross access to a full access traffic signal.

OVERVIEW

Simaan Real Estate is pleased to exclusively offer the opportunity to acquire the 100% fee simple interest in a brand-new net leased Starbucks, strategically located on West 192, in close proximity to Walt Disney World®, Margaritaville, numerous timeshare resorts and vacation rentals, and South of the Horizon West master planned community. The new construction building has a critically important drive through lane, excellent exposure, convenient ingress/egress, and beneficial cross access to the adjacent lots and full access traffic signal. An investor will benefit from a landlord favorable 10-year NN lease with Starbucks corporate (S&P: BBB+), which includes a rare self-maintain provision, requiring the tenant to handle all regular maintenance of the premises. The lease also features ten percent rental increases every five years in the initial term and option periods, providing an investor with an inflation-hedged income stream backed by an investment-grade credit tenant. Starbucks is a strong global brand that has grown to 40,576 locations worldwide with a market capitalization of $123.64 billion.

FOR SALE DETAILS

PRICE

$2,990,000 USD

PRICE/SF

$2,200 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

-

APN/PARCEL ID

06-25-27-5439-0001-0040

ASK ABOUT THIS PROPERTY

Toufic SimaanSimaan Real Estate, LLCMore Info
407-261-4404

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Toufic SimaanSimaan Real Estate, LLCMore Info
407-261-4404

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.