Property Description

ASUMABLE FINANCING!! BRAND NEW 15-Year Corporate Guaranteed Starbucks located at 803 North State Road 434 in Altamonte Springs, Florida, offering investors a RARE Investment Opportunity to purchase a Premium Showcase Corporate Guaranteed Investment Asset in a rapidly growing Orlando Metro Submarket. Delivered in 2026. $2.5 million Assumable Financing with Qualifying with Current Bank Financing -- 7.25% Fixed Rate through April 2028. No Prepayment Penalty. 25 Year Amortization. Must be a Qualified Borrower with strong financials, credit, etc. HUGE savings to Buyer with no Appraisal Cost, No Environmental Cost, No Survey Cost, and VERY Little Banks fees for the Assignment. The Bank will even consider a Long Term Restructure. Personal Guarantee Required. This is PERFECT for a 1031 Exchange Buyer with $2.8 million Cash or Less from their Sale Transaction to PURCHASE a $5,314,286 BRAND NEW Corporate Guaranteed Investment Asset!! The 2,700 (+-) square-foot property on 1.37(+-) Acres is secured by a RARE 15-year Corporate Guaranteed lease with four 5-year Extension Options and 10% rent escalations every 5 years, providing Investors with long-term income growth and stability.INCREDIBLE 1031 Exchange Investment Property!! $2.5 million Assumable Financing with Qualifying with Current Bank Financing -- 7.25% Fixed Rate through April 2028. No Prepayment Penalty. 25 Year Amortization. HUGE savings to Buyer with no Appraisal Cost, No Environmental Cost, No Survey Cost, and VERY Little Banks fees for the Assignment. The Bank will even consider a Long Term Restructure. Personal Guarantee Required. This is PERFECT for a 1031 Exchange Buyer with $2.8 million Cash or Less from their Sale Transaction to PURCHASE a $5,314,286 BRAND NEW Corporate Guaranteed Investment Asset!! Investors benefit from $279,000 in annual rental income secured by a favorable self-maintained NN (double-net) lease structure, under which Starbucks is responsible for real estate taxes, insurance, maintenance, and repairs. Limited landlord responsibilities, contractual rent increases, and a corporate guarantee create an attractive passive investment opportunity for private investors and 1031 Exchange buyers. This store is absolutely packed every day!!....it is a Showcase Premier Store for Starbucks - Larger Store and Top-of-Line Finishes and Amenities. This is one of the nicest Starbucks built to date and their Executive Team has completed their site visit and Absolutely Loves this store!! Starbucks has wanted a location in this area for more than 10+ years but because of the drive through restrictions with the overlay they have been unable to secure a site. The developer/builder was extremely fortunate to purchase a closed down bank for the new Starbucks project thus providing the drive through opportunity for the much desired Starbucks development opportunity... Strategically positioned along North State Road 434, a major north-south commercial corridor, the property benefits from exposure to more than 40,000(+-) vehicles per day (VPD). Situated just west of Interstate 4 (I-4) and North of its intersection with State Road 436, within a VERY DENSE, growing trade area surrounded by established residential communities and major employment centers.More than 42,000 daytime employees drive consistent demand throughout the day from commuters, professionals, and area residents. Altamonte Springs is one of Central Florida's most desirable and rapidly growing suburban communities.