2875 N Old Lake Wilson Road Kissimmee, FL 34747

Building Details

Year Built

2021

Listing agency SVN | Commercial Partners c***@svn.com Show Phone

Listed by J. Chris Malkin · License #3158478 Show Phone

Source Svncp

Added: Apr 1 Updated: Jul 10 at 3:56PM Checked: Jul 23 at 3:37AM

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Investment Insights

Based on property information with market context.

Located in the Westgate area of Kissimmee, FL, this free-standing retail building was constructed in 2021. The property offers 2,513 SF of space and is currently 100% occupied. The building is a freestanding drive-thru café. The property is located in the Disney Resort Corridor and is shadow-anchored by Walmart Supercenter. The lease commenced on April 23, 2021, and expires on April 31, 2031, with an initial term of 10 years. The remaining term is approximately 5+ years, with four five-year options available, potentially extending the lease for an additional 20 years. The tenant is Starbucks Corporation, operating under a NNN lease where they handle all operating expenses. The landlord is limited to roof, structure and long‑term site capital items. The property has a 5.19% CAP Rate.

Key Highlights

• Investment‑Grade Tenant: Leased to Starbucks Corporation
• NNN Lease: Starbucks handles all operating expenses
• High‑Traffic Location: Situated in the Disney Resort Corridor, shadow‑anchored by Walmart Supercenter

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FAQs

What type of property is this?

Grocery and convenience store - Free-standing retail building built in 2021 with 100% occupancy.

Where is this grocery and convenience store located?

The property is located at 2875 N Old Lake Wilson Road Kissimmee, FL.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: Investment‑Grade Tenant: Leased to Starbucks Corporation; NNN Lease: Starbucks handles all operating expenses; High‑Traffic Location: Situated in the Disney Resort Corridor, shadow‑anchored by Walmart Supercenter