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Orlando, FL - Starbucks (Narcoossee Rd)

$4,902,000

Narcoossee Rd & McCoy Rd, Orlando, FL

Active
Last Updated: 10/23/2024

5.1

Cap Rate

250,000

NOI

Details:
Cap Rate:    5.1%
NOI:    $250,000
Building Size:    4,000 sqft
Description:

• Brand new 10-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• 2024 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements
• The lease features 10% rental increases every 5 years and at the beginning of each option

• Starbucks is fronting Narcoossee Road and is an outparcel to the new Encore at Narcoossee multi-family development that is under construction (249-units)
• Other surrounding developments under construction include Eagle Lake (900-units), Selene (293-units), Everbe (3,486-homes), and more
• Right next to Orlando International Airport (MCO), Florida’s second busiest airport with 15,000,000+ emplanements annually
• Equipped with a drive-thru, providing ease and convenience for customers while maximining productivity and efficiency

Map:
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