Starbucks and Other Businesses Near Disney World Reportedly Sell for Higher PricesStarbucks locations near the Walt Disney World Resort can sell for nearly double the normal amount, just because they're close to the tourist destination.
TheOrlando Business Journalreportedthis week that Starbucks locations in Central Florida usually sell for about $3 million, but ones near the Walt Disney World Resort can sell for much more, just because they're close to the tourist destination.
In fact, they can go for twice that much.
TheJournalpointed to the recent sale of a space near the resort leased to Starbucks. It went for $6 million, the paper said.
"Disney Retail A LLC — an entity related to Chicago-based real estate firm SRE Holdings LLC — paid $5.9 million on July 23 for a roughly 2,500-square-foot building leased to a Starbucks on 0.77 acres at 8699 Palm Parkway," reported theJournal.
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The Starbucks in the space opened this June.
Notably, this coffee shop is notonthe 30,000-acre Disney property, but outside of it. Within the park itself and throughout other Disney properties and resorts, there are Starbucks locations.
Disney-themed news site Inside the Magicpointed outthat following the announcement the company plans to relocate thousands of operations jobs from California to Florida, the Lake Nona area of Orlando is primed to see spikes in real estate development and retail.
