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Shopping Strip

Starbucks Shops at Lakeside Village

7910 Winter Garden Vineland Rd, Windermere, FL 34786

Listing Price: $6,837,000

Cap Rate
5.50%
Gross SF
8,800
Rentable SF
8,800
Price/Gross SF
$776.93
Lot Size
1.34 acres
Year Built
2018

Investment Overview

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.” The company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores. Encore Nail & Spa, located in Windermere, Florida, has been the provider of full-range premium salon services, including body wax, facial, foot, and hand treatments, along with an array of therapeutic add-on health services since its opening in Fall of 2018. Since launching in 1983 in Pacific Grove, California, First Watch has opened over 300 locations, becoming one of the fastest-growing restaurant chains in the United States. Taking its name from a nautical term for the first shift of a day, First Watch locations only serve breakfast and lunch – a unique approach that has treated this chain of restaurants well, taking advantage of labor model efficiencies and capitalizing on shifting trends in dining schedules among working professionals and the public. Situated in Florida’s Orange County, over 3,500 people call the Town of Windermere home. The town is part of the Orlando Metropolitan Statistical Area, the third-largest metropolitan area in Florida with over 2.6 million residents. Known as the “Theme Park Capital of the World,” Orlando has a thriving tourism industry, making it one of the most-visited cities in the world. Among the many theme parks in the city are Walt Disney World, Universal Studios Orlando, SeaWorld Orlando, Legoland, and Fun Spot America. Each year, visitors to Central Florida pay over $5 billion in state and local taxes alone, accounting for about half of all sales tax revenue in the area.

Investment Highlights

  • 100 Percent Leased to Starbucks, Encore Nail & Spa, and First Watch with Seven – Eight Years Remaining on Current Lease Terms
  • Starbucks Drive-Thru Location
  • 94,070 Residents within a Five-Mile Radius - Orlando MSA
  • Situated in Rapidly Growing Trade Area with Households Projected to Increase Over 35 Percent in Immediate Area by 2025
  • Prime Location Adjacent to Walt Disney World - 4 Miles to Disney's Grand Floridian Resort & Spa and Magic Kingdom, Eight Miles to Disney Springs, and Nine Miles to Epcot
  • Centrally Located with Easy Access to Numerous Other Theme Parks, Resorts, and Attractions, Including Universal Studios Orlando, SeaWorld Orlando, and Orange County Convention Center
  • Over 45,600 Cars Per Day at the Intersection of Silverlake Park Drive and Winter Garden Vineland Road
  • Located in Lakeside Village Center, Rare Master Planned Community with No Additional Commercial Development Permitted in the Area, Shadow Anchored by Publix Super Market

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Shopping Strip

Starbucks Shops at Lakeside Village

Listing Price: $6,837,000

Cap Rate
5.50%
Gross SF
8,800
Rentable SF
8,800
Price/Gross SF
$776.93
Lot Size
1.34 acres
Year Built
2018

Investment Highlights

  • 100 Percent Leased to Starbucks, Encore Nail & Spa, and First Watch with Seven – Eight Years Remaining on Current Lease Terms
  • Starbucks Drive-Thru Location
  • 94,070 Residents within a Five-Mile Radius - Orlando MSA
  • Situated in Rapidly Growing Trade Area with Households Projected to Increase Over 35 Percent in Immediate Area by 2025
  • Prime Location Adjacent to Walt Disney World - 4 Miles to Disney's Grand Floridian Resort & Spa and Magic Kingdom, Eight Miles to Disney Springs, and Nine Miles to Epcot
  • Centrally Located with Easy Access to Numerous Other Theme Parks, Resorts, and Attractions, Including Universal Studios Orlando, SeaWorld Orlando, and Orange County Convention Center
  • Over 45,600 Cars Per Day at the Intersection of Silverlake Park Drive and Winter Garden Vineland Road
  • Located in Lakeside Village Center, Rare Master Planned Community with No Additional Commercial Development Permitted in the Area, Shadow Anchored by Publix Super Market

Investment Overview

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.” The company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores. Encore Nail & Spa, located in Windermere, Florida, has been the provider of full-range premium salon services, including body wax, facial, foot, and hand treatments, along with an array of therapeutic add-on health services since its opening in Fall of 2018. Since launching in 1983 in Pacific Grove, California, First Watch has opened over 300 locations, becoming one of the fastest-growing restaurant chains in the United States. Taking its name from a nautical term for the first shift of a day, First Watch locations only serve breakfast and lunch – a unique approach that has treated this chain of restaurants well, taking advantage of labor model efficiencies and capitalizing on shifting trends in dining schedules among working professionals and the public. Situated in Florida’s Orange County, over 3,500 people call the Town of Windermere home. The town is part of the Orlando Metropolitan Statistical Area, the third-largest metropolitan area in Florida with over 2.6 million residents. Known as the “Theme Park Capital of the World,” Orlando has a thriving tourism industry, making it one of the most-visited cities in the world. Among the many theme parks in the city are Walt Disney World, Universal Studios Orlando, SeaWorld Orlando, Legoland, and Fun Spot America. Each year, visitors to Central Florida pay over $5 billion in state and local taxes alone, accounting for about half of all sales tax revenue in the area.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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