7539 Narcoossee Rd Orlando, FL 32822
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 7539 Narcoossee Rd
- Year built
- 2024
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a fee-simple owned, single-tenant Starbucks located at 7539 Narcoossee Rd, Orlando, FL 32822. The 2,700 square foot building, constructed in 2024, boasts a strong 10-year net lease with a credit-rated tenant, commencing July 1, 2024, and expiring July 1, 2034. The lease includes six 5-year renewal options and a 10% rent increase every five years, ensuring consistent income growth. The property enjoys a prominent location, fronting Narcoossee Road as an outparcel to the new Encore at Narcoossee multi-family development (249 units). This strategic position benefits from proximity to several other significant developments under construction, including Eagle Lake (900 units), Selene (293 units), and Everbe (3,486 homes), creating a high-growth area with substantial residential density. Furthermore, its adjacency to Orlando International Airport (MCO), Florida's second busiest airport, provides exceptional visibility and access to a large customer base. The property features a drive-thru, maximizing efficiency and customer convenience. The current NOI is $250,000, resulting in a 5.10% cap rate, and the asking price is $4,902,000. This is a low-management investment opportunity with limited landlord responsibilities (roof, structure, foundation, parking lot, electrical systems, etc.), offering passive income in a state with no state income tax. The tenant is responsible for taxes and insurance, minimizing landlord obligations.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orlando
- County
- Orange
- State
- Florida
- Longitude
- -81.2696
- Latitude
- 28.4586
