Starbucks
Closed5390 Stadium Pkwy, Vierra, FL 32955
Property type
Retail
Price
$3,000,000
Building size
2,500 sf
Rentable area
2,500 SF
Year built
2020
Year renovated
Occupancy
Zoning code
Lot size
1.19 Acres
Sold/status
Sold · Date unknown
Sale price
$3000000
CAP
5.00%
Net Operating Income
$150,000
Property description
Franklin Street is proud to present this newly developed Starbucks in Viera, Florida. The site is an outparcel to the Publix anchored center Stadium Corners at Viera. The community of Viera is a 20,000 acre, master- planned community with 58 neighborhoods. It represents resort style living and outdoor recreation, along the Florida Space Coast. The property is next to the USSSA Space Coast Complex, a baseball stadium and 13 diamond multi-sports facility, which hosts many national and regional baseball & softball tournaments. It was formally the home of the Florida Marlins and Washington Nationals spring training. Starbucks is also only 5 minutes from The Avenue Viera, a outdoor lifestyle center concept in Viera, Florida consisting of 600,000 square foot of lifestyle tenants on 62 acres. Starbucks signed an attractive 10 year corporate lease with no kickout clause. The building comes with transferable warranties and the tenant is responsible for all common area maintenance, taxes, and insurance.
Property highlights
- Newly constructed 10-Year Starbucks with no kickout clause
- Investment grade tenant: BBB+ S&P
- Outparcel to a strong Publix-anchored center
- Part of the master-planned community Viera
- Wealthy retirement community: $85,000 Household Incomes
- Located at a highly trafficked intersection: 36,200 VPD
- Surrounded by many other daily traffic generators: Publix, USSSA Space Coast Complex, Chase Bank, McDonald's, The Avenue Viera, among many others
- New I-95 interchange added 0.40 Miles to the East