OWENS REALTY SERVICES SELLS WINTER PARK STARBUCKS AT LEE ROAD
ORLANDO, FL | January 27, 2022
After a successful Q4 opening last year, Owens Realty Services recently sold the new 2,500 SF Starbucks with a drive-thru component on Lee Road near Interstate 4 today.
The newly developed site sold for $3,338,888.00 to a local private investor. Anne Nguyen of Dumont Realty represented the buyer and Palmer Vietor represented the seller. In 2018, Owens Realty Services acquired and developed the land to sign a 10-year corporate NN lease with Starbucks. This is the second Starbucks developed and sold by Owners Realty Capital here in Orlando.
Vietor says, "Owens Realty Services viewed this development with Starbucks as another step forward in the beautiﬁcation of Lee Road and a great addition to one of the city's main entry points. We had a huge amount of interest in the site when we put it up for sale, and the pricing we ended up at shows the demand for quality Winter Park real estate."
Owens Realty Services enjoyed working with the seller on this deal and looks forward to continuing the relationship with Starbucks and local Winter Park investors.