2080 Highway 44, Inverness, FL 34453
2,500 SF | Retail Building | Inverness, FL 34453 | $4,248,000 ($1,699/SF) | 5.65% Cap Rate
For Sale
Active
Asking Price $4,248,000
- Property Type
-
Retail
- Square Feet
- 2,500 SF
- Price / Square Foot
- $1,699
Listing Contacts
- Property Info
Property Overview
This Starbucks features a high-visibility and easily accessible location off State Highway 44 (38,500 AADT), Inverness’ primary retail thoroughfare.
The site is located less than one mile from Withlacoochee Technical College (768 students) and 1.5 miles from HCA Florida Citrus Hospital (204 beds, 1,150 employees and physicians), the largest employer in Inverness.
The property is 1.5 miles from Citrus High School (1,520 students), and walking distance from Whispering Pines City Park, a 290-acre park featuring a 25-meter pool, basketball, pickleball, tennis, and racquetball courts, and two 18-basket disc golf courses.
161,525 residents live within fifteen miles of the property, establishing a large customer base for the site.
Projected population and income increase within 5-, 10-, and 15-mile radii over the next five years poise Starbucks and Inverness for steady concurrent growth.
Centrally located between Gainesville, Orlando, and Tampa, funneling a significant amount of commuter traffic directly to the site.
The site is located less than one mile from Withlacoochee Technical College (768 students) and 1.5 miles from HCA Florida Citrus Hospital (204 beds, 1,150 employees and physicians), the largest employer in Inverness.
The property is 1.5 miles from Citrus High School (1,520 students), and walking distance from Whispering Pines City Park, a 290-acre park featuring a 25-meter pool, basketball, pickleball, tennis, and racquetball courts, and two 18-basket disc golf courses.
161,525 residents live within fifteen miles of the property, establishing a large customer base for the site.
Projected population and income increase within 5-, 10-, and 15-mile radii over the next five years poise Starbucks and Inverness for steady concurrent growth.
Centrally located between Gainesville, Orlando, and Tampa, funneling a significant amount of commuter traffic directly to the site.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Lot Size (sq. ft)
- 70,567 SF
Highlights
- New 15-year corporate net lease to Starbucks Corporation (NASDAQ: “SBUX”)
- Investment-grade tenant, rated “BBB+” by Standard & Poor’s
- 10% rental increases every five (5) years in option periods
- Starbucks is the world’s premier coffee company, with over 35,711 locations and $32.3 billion in annual revenue
- Per Statista, customers go to Starbucks six times per week on average
- Approximately 60 million Starbucks customers are served every week, while approximately four million coffee-based beverages are sold daily
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