210 International Speedway Blvd Deland, FL 32724-2340
- Investment properties
- 648 SF
- 1.56 lot acres
Oct 11, 2023
Current Use by Public Records
- Investment properties
Property Details for 210 International Speedway Blvd
- Year built
- 1973
- Construction
- WOOD
- Lot size
- 1.56 lot acres
- Property size
- 648 SF
- Zone code
- B4
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 7004-02-02-0050
- APU
- 700402020050
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, single-story Starbucks located at 210 E International Speedway Blvd, DeLand, FL 32724. Built in 2024, this 2,710 square foot QSR/Fast Food establishment boasts a 100% occupancy rate with a credit-rated tenant, offering a secure and stable income stream. The property sits on a 1.2-acre lot with ample parking (32 spaces) and benefits from a highly visible location at a signalized, hard corner intersection of East International Speedway Blvd and North Amelia Ave. Its strategic placement near Stetson University and across from the Publix-anchored Northgate Shopping Center (including Truist, Tractor Supply Co., and Big Lots) ensures a robust customer base. The strong performance of the nearby Publix, ranking in the top 95% of nationwide locations, further underscores the area's retail strength. The property's proximity to other big-box retailers like Lowe's, Walmart Supercenter, and ALDI reinforces its prime location within a thriving commercial area. The current Net Operating Income (NOI) stands at $209,063, yielding a 5.15% cap rate. The lease is a Net Lease (NNN) with attractive 10% rent bumps every five years, providing significant long-term growth potential. This is a rare opportunity to acquire a high-performing, well-located Starbucks in a rapidly growing market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,440,000
- ML approach
- $1,360,000
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Location Insight
- Map
- Local Demand
- City
- Deland
- County
- Volusia
- State
- Florida
- Longitude
- -81.3016
- Latitude
- 29.0543
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA