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Shopping Strip

Starbucks & Fuzzy's Taco Shop

850 W Cypress Creek Rd, Fort Lauderdale, FL 33309

Listing Price: $5,210,500

Cap Rate
4.75%
Gross SF
4,600
Rentable SF
4,600
Price/Gross SF
$1,132.72
Lot Size
1.08 acres
Year Built
2017

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase a Starbucks and Fuzzy’s Taco Shop located at 850-854 West Cypress Creek Road, Ft. Lauderdale, FL 33309. The property was developed in 2017 and leases signed with Starbucks and then Fuzzy’s Taco Shop. Starbucks and Fuzzy’s Taco Shop are on long term leases with regularly scheduled rental increases of 10% every five years during base term and options. The structure is 4,600 square feet of net leasable area and is situated on 1.08 acres of land. Fort Lauderdale is a city on Florida's southeastern coast, known for its beaches and boating canals. The Strip is a promenade running along oceanside highway A1A. It's lined with upscale outdoor restaurants, bars, boutiques and luxury hotels. Other attractions include the International Swimming Hall of Fame, with pools and a museum of memorabilia, and Hugh Taylor Birch State Park, featuring trails and a lagoon. Starbucks is the world's largest coffeehouse chain. As of November 2021, the company had 33,833 stores in 80 countries, 15,444 of which are in the United States. Starbucks is known for their high-quality products offered at a reasonable price. Fuzzy's Taco Shop is an American fast casual restaurant chain specializing in Baja-style Mexican cuisine, serving breakfast, lunch and dinner. Fuzzy's operates more than 150 locations in 17 states.

Investment Highlights

  • High Demand Two Tenant Quick Service Restaurant Asset
  • Oversized 1.08 Acre Parcel
  • 53 Parking Spaces With Excellent Access & Visibility
  • Located Just Off Signalized Intersection – 90,500+ VPD
  • Starbucks Has A High-Capacity Drive Thru
  • Located Just Off I-95 With No Competition In the Area
  • Densely Populated Area – 128,500+ Within Three Mile Radius
  • 10% Rental Increases Every Five Years During Base Term And Options

Exclusively Listed By

Financing By

Shopping Strip

Starbucks & Fuzzy's Taco Shop

Listing Price: $5,210,500

Cap Rate
4.75%
Gross SF
4,600
Rentable SF
4,600
Price/Gross SF
$1,132.72
Lot Size
1.08 acres
Year Built
2017

Investment Highlights

  • High Demand Two Tenant Quick Service Restaurant Asset
  • Oversized 1.08 Acre Parcel
  • 53 Parking Spaces With Excellent Access & Visibility
  • Located Just Off Signalized Intersection – 90,500+ VPD
  • Starbucks Has A High-Capacity Drive Thru
  • Located Just Off I-95 With No Competition In the Area
  • Densely Populated Area – 128,500+ Within Three Mile Radius
  • 10% Rental Increases Every Five Years During Base Term And Options

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase a Starbucks and Fuzzy’s Taco Shop located at 850-854 West Cypress Creek Road, Ft. Lauderdale, FL 33309. The property was developed in 2017 and leases signed with Starbucks and then Fuzzy’s Taco Shop. Starbucks and Fuzzy’s Taco Shop are on long term leases with regularly scheduled rental increases of 10% every five years during base term and options. The structure is 4,600 square feet of net leasable area and is situated on 1.08 acres of land. Fort Lauderdale is a city on Florida's southeastern coast, known for its beaches and boating canals. The Strip is a promenade running along oceanside highway A1A. It's lined with upscale outdoor restaurants, bars, boutiques and luxury hotels. Other attractions include the International Swimming Hall of Fame, with pools and a museum of memorabilia, and Hugh Taylor Birch State Park, featuring trails and a lagoon. Starbucks is the world's largest coffeehouse chain. As of November 2021, the company had 33,833 stores in 80 countries, 15,444 of which are in the United States. Starbucks is known for their high-quality products offered at a reasonable price. Fuzzy's Taco Shop is an American fast casual restaurant chain specializing in Baja-style Mexican cuisine, serving breakfast, lunch and dinner. Fuzzy's operates more than 150 locations in 17 states.

Exclusively Listed By

Financing By

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