Starbucks
Single-Tenant Offerings
Starbucks
3370 Bayside Lakes
Palm Bay (Southeast of Orlando), FL
- Price:
- $3,739,000
- Cap Rate:
- 5.75%
- NOI:
- $215,000
- Rentable SQFT:
- 2,500 SF
- Year Built:
- 2024
- Lot Size:
- 1.00 +/- Acres
- Lease Type:
- NN
- Status:
- Available
Investment Highlights
- New 10-Year Corporate Lease with No Early Termination Clause
- 10% Rental Increases Every 5 Years in the Base Term and Options
- Investment Grade Credit Tenant (Rated BBB+ by S&P), Ranked #125 on Fortune 500
- New High-Quality Construction with a Patio and Drive-Thru
- Serving Over 80,000 Residents in Rapidly Growing Trade Area
- In the Heart of Thousands of New Homes and Residential Subdivisions Under Construction
- Average Household Income Exceeds $75,000 within 3 Miles
- Strategic Location, Closest Starbucks is Over 8 Miles Away
- Adjacent to High-Volume Publix Anchored Grocery Center
- Just West of I-95 with 56,580 Cars/Day, the Main North/South Highway on the East Coast
- Close Proximity to Florida’s Space Coast which Attracts 2.5+ Million Visitors Annually
- Strong Daytime Population, Over 15,400 Employees in Primary Trade Area
- Palm Bay is a Bedroom Community for Engineers Employed by Space X and NASA
- Minutes to Florida Tech with Approximately 9,700 Students and Several K-12 Schools with 8,000+ Students
- 65 Miles Southeast of Orlando International Airport
- Tax Free State, No State Income Tax in Florida
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