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| Price $3,165,000 $3,500,000 | Built/Renov 2023 | Tenant Starbucks |
| Cap Rate 5.53% 5.00% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
2,604
| Lease Start
08-01-2023
| #Units
38,038
|
| Price/SF $1,215.44 $1,344.09 | Expiration
08-01-2033
| Tenant Type Fast Food/QSR |
| NOI $175,000 | R. Term 8.6 | Ownership Fee Simple |
| Rent/SF
$67.20
| Increases 10.0%/5/yrs | Pop 5Mi 109,446 |
| Lot/AC 0.98 | Options 4/5yrs/10% | AHHI 5Mi $143,244 |
| | |
This newly constructed 2,604 square foot Starbucks is strategically located between Harper Lane and Race Track Road with access to 18,900 vehicles per day. The site is located within Durbin Creek Crossing, a 70-acre mixed-use development project which will include 10 freestanding outparcel’s that features tenants such as ALDI, Taco Bell, 7-Eleven, Tire Kingdom, ABC Liquor, First Florida Credit...
...New construction
Dense retail corridor
Near major nationals
Strong tenant synergy
Strong demographics
Income tax free state
Brand new lease
Long 10+ yr lease
Traded and rated company
Investment grade tenant
Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 7,812 | 61,785 | 129,231 |
| 2023 Total Population : | 6,559 | 53,677 | 113,185 |
| 2023 Employed Civilian Pop : | 3,593 | 30,462 | 61,330 |
| 2023 Total Businesses : | 75 | 1,141 | 2,519 |
| 2023 Average Household Income : | $ 180,110 | $ 146,783 | $ 145,180 |
| 2023 Total Consumer Spending : | $ 316 M | $ 2448 M | $ 4912 M |
| 2023 Median Age : | 35 | 36 | 37 |
| 2023 Total Households : | 2,075 | 19,524 | 39,840 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,458 | 12,006 | 25,798 |
| 2023 Average Home Value : | $ 496,727 | $ 426,785 | $ 426,351 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Russell Sampson Rd | Race Track Rd | 2010 | 5,727 | 0.33 mi |
| Race Track Road | Dragonfly Dr | 2021 | 18,900 | 0.59 mi |
| Race Track Rd | Dragonfly Dr | 2010 | 18,421 | 0.87 mi |
| 2010 | 3,752 | 0.96 mi | ||
| Veterans Parkway | Cresthaven Pl | 2021 | 8,700 | 1.32 mi |
| PHYSICAL GORE | 2021 | 18,300 | 1.33 mi | |
| Race Track Rd | I- 95 | 2010 | 9,492 | 1.35 mi |
| Cypress Banks Drive | 2010 | 5,123 | 1.37 mi | |
| Woodfield Lane | 2010 | 3,752 | 1.46 mi | |
| FL 9B | Bartram PkBlv | 2021 | 31,000 | 1.48 mi |
Grass Valley, CA
Cap Rate 5.50%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 2,815
Redding, CA
Cap Rate 5.35%
Lease Abs NNN
R. Term 15.60 yrs
Size/SF 3,520
Shelton, CT
Cap Rate 4.00%
Lease Abs NNN
R. Term 20.50 yrs
Size/SF 3,690
Baldwin Park, CA
Cap Rate 4.25%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 950
Rowlett, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 2,236
Taylor, MI
Cap Rate 4.55%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 4,995
Rialto, CA
Cap Rate 4.70%
Lease Abs NNN
R. Term 13.90 yrs
Size/SF 2,224
Gilroy, CA
Cap Rate 4.00%
Lease Abs NNN
R. Term 19.20 yrs
Size/SF 2,365
Edmond, OK
Cap Rate 6.00%
Lease Abs NNN
R. Term 18.50 yrs
Size/SF 2,271
Phoenix, AZ
Cap Rate 4.15%
Lease Abs NNN
R. Term 16.10 yrs
Size/SF 2,413
Memphis, TN
Cap Rate 6.00%
Lease Abs NNN
R. Term 11.30 yrs
Size/SF 6,124
San Antonio, TX
Cap Rate 5.00%
Lease Abs NNN
R. Term 8.70 yrs
Size/SF 2,675
South Jordan, UT
Cap Rate 4.95%
Lease Abs NNN
R. Term 10.30 yrs
Size/SF 3,860
San Antonio, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 11.70 yrs
Size/SF 3,432
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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