SRS Real Estate Partners announced the completion of the $4.57 million sale of a newly constructed Starbucks property located at 3895 North Federal Highway in Pompano Beach, Florida. The 2,734-square-foot building is situated on 1.04 acres and was built in 2025. The asset features a 10-year corporate-guaranteed lease with scheduled rental increases and options to extend, backed by Starbucks Corporation.
SRS Capital Markets Senior Managing Principal Patrick Nutt and Executive Vice President & Principal William Wamble represented the seller, a South Florida-based partnership. The buyer was a Boston-based private investor.
“This property offered the new buyer a well-located asset in a dense and growing market with multiple new developments in various stages of construction, which will continue to enhance Starbucks’ already strong customer base,” said Nutt. “Florida continues to be a prime investment target for buyers seeking opportunities in a high-growth state with no income tax. Additionally, the buyer’s ties to South Florida from their home in the northeast helped in the selection process of this investment.”
The property is positioned at a high-traffic intersection of North Federal Highway and North East 19th Court, which sees more than 59,000 vehicles per day. It sits adjacent to the Venetian Isle Shopping Center, anchored by Publix, which ranks in the 78th percentile of all nationwide centers, according to Placer.ai. Other nearby national retailers include Staples, Michaels, Bealls, and Walgreens, among others.
The surrounding trade area is supported by more than 238,000 residents and 136,000 employees within close proximity. The property is conveniently located nine miles south of Boca Raton, 12 miles north of Fort Lauderdale, and 35 miles south of West Palm Beach.
This year, SRS Capital Markets has completed more than $2.2 billion in deal volume comprised of more than 650 transactions across the nation. SRS currently has in excess of 845 properties actively on the market with a market value surpassing $3.7 billion.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with 29 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Our commitment to excellence is strengthened by our Guarantee of Value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.