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| Price $4,000,000 | Built/Renov 2024 | Tenant Starbucks |
| Cap Rate 5.25% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
2,500
| Lease Start
07-12-2024
| #Units
38,038
|
| Price/SF $1,600.00 | Expiration
07-11-2039
| Tenant Type Fast Food/QSR |
| NOI $210,000 | R. Term 14.6 | Ownership Fee Simple |
| Rent/SF
$84.00
| Increases 10.0%/5/yrs | Pop 5Mi 84,577 |
| Lot/AC 0.85 | Options 6/5yrs/10% | AHHI 5Mi $77,171 |
| | |
Starbucks is strategically located on Martin Luther King Jr. Boulevard, with access to 23,500 vehicles passing by daily. The property is conveniently situated adjacent to the Panama City Mall mixed-use redevelopment. The immediate area is surrounded by well-known national tenants, including Lowe's, Discount Tires, Chipotle, Dunkin', Chick-fil-A, and more. The 5-mile trade area is supported by...
...New construction
Relocation store
Dense retail corridor
Shopping Ctr out-parcel
Income tax free state
Brand new lease
Long 15+ yr lease
Traded and rated company
Corporate Guarantee
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 | |
| 2029 Total Population : | 2,708 | 51,099 | 88,507 |
| 2024 Total Population : | 2,603 | 48,994 | 85,378 |
| 2024 Employed Civilian Pop : | 1,206 | 22,974 | 41,334 |
| 2024 Total Businesses : | 604 | 3,505 | 4,795 |
| 2024 Average Household Income : | $ 98,140 | $ 82,582 | $ 90,745 |
| 2024 Total Consumer Spending : | $ 92 M | $ 1452 M | $ 2735 M |
| 2024 Median Age : | 40 | 40 | 41 |
| 2024 Total Households : | 1,055 | 19,830 | 34,121 |
| 2024 Pop Age 25+: Bachelor's Degree : | 252 | 5,876 | 10,930 |
| 2024 Average Home Value : | $ 331,684 | $ 357,113 | $ 379,034 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| North Cove Boulevard | E 23rd St | 2022 | 23,500 | 0.14 mi |
| East 23rd Street | N Palo Alto Ave | 2022 | 20,400 | 0.18 mi |
| E 23rd St | N Cove Blvd | 2005 | 34,653 | 0.18 mi |
| State Highway 77 | E 24th Plz | 2005 | 27,000 | 0.24 mi |
| Edwards Dr | 2022 | 19,300 | 0.32 mi | |
| East 23rd Street | Wilson Ave | 2022 | 35,000 | 0.36 mi |
| East 23rd Street | Mercedes Ave | 2022 | 16,100 | 0.43 mi |
| Hwy 77 | 2022 | 28,000 | 0.53 mi | |
| North Cove Boulevard | United States Hwy 231 | 2022 | 26,000 | 0.64 mi |
| Harrison Ave | 2022 | 15,600 | 0.70 mi |
Clifton Park, NY
Cap Rate 5.75%
Lease Abs NNN
R. Term 13.90 yrs
Size/SF 3,692
Grass Valley, CA
Cap Rate 5.50%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 2,815
Sand Springs, OK
Cap Rate 6.25%
Lease Abs NNN
R. Term 19.11 yrs
Size/SF 3,318
Redding, CA
Cap Rate 5.35%
Lease Abs NNN
R. Term 15.60 yrs
Size/SF 3,520
Cartersville, GA
Cap Rate 5.75%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 2,092
Azle, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 3,249
Fort Worth, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 15.80 yrs
Size/SF 3,236
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
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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