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Starbucks - Deltona, FL 3221 Howland Blvd

2,630 SF Retail Building Deltona, FL 32725 $3,704,000 ($1,408/SF) 5.40% Cap Rate

INVESTMENT HIGHLIGHTS

  • Directly Off Interstate 4 (93,000 VPD) | Strong Tenant Synergy | Drive-Thru Equipped | Excellent Visibility & Ease of Access
  • Ideal Demographics Local Trade Area | Population Growth (YOY)
  • Deltona Village Development (140 Acre) | Deltona High School | Amazon Distribution Expansion | Medical Center of Deltona

EXECUTIVE SUMMARY

Part of Deltona Village Mixed-Use Development (140 Acres)
Corporate Guaranty (S&P: BBB+)
No State Income Tax
The local trade area is anticipating a 1.88% YOY population increase from 2023-2038
2023 - Second Quarter Earnings Report Highlights:
During Q2 2023, U.S. comparable store sales increased 12%, driven by a 6% increase in comparable transactions and a 6% increase in average ticket
Opened 464 new stores in Q2 2023 (100+ in North America & 360+ internationally), 36,634 total locations
GAAP operating margin increase to 15.2% compared to 12.4% in the previous year

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,630 SF
Building Class
B
Year Built
2023
Price
$3,704,000
Price Per SF
$1,408
Cap Rate
5.40%
NOI
$200,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.86 AC
Zoning
C - Commercial
Parking
34 Spaces (12.93 Spaces per 1,000 SF Leased)

AMENITIES

  • Drive Thru

NEARBY MAJOR RETAILERS

Starbucks
Ymca

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8107-06-00-0056
Land Assessment
$449,289
Improvements Assessment
$601,655
Total Assessment
$1,050,944
  • Listing ID: 29918996

  • Date on Market: 10/30/2023

  • Last Updated:

  • Address: 3221 Howland Blvd, Deltona, FL 32725

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