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| Price $4,224,000 | Built/Renov 2024 | Tenant Starbucks |
| Cap Rate 5.40% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
2,500
| Lease Start
07-01-2024
| #Units
38,038
|
| Price/SF $1,689.60 | Expiration
07-31-2034
| Tenant Type Fast Food/QSR |
| NOI $228,093 | R. Term 9.8 | Ownership Fee Simple |
| Rent/SF
$91.24
| Increases 10.0%/5/yrs | Pop 5Mi 25,071 |
| Lot/AC 1.22 | Options 6/5yrs/10% | AHHI 5Mi $0 |
| | |
Starbucks is strategically located at the hard corner intersection of South Broad Street and Candlelight Blvd., with access to a combined daily traffic count of 31,500 vehicles. The property is surrounded by retail developments such as Brooksville Square, South Plaza, and South Square Shopping Center, featuring well-known national tenants including Publix, Big Lots, Winn-Dixie, AutoZone,...
...New construction
Hard corner intersection
Dense retail corridor
Strong tenant synergy
Top 100 MSA
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 : | 4,984 | 15,244 | 26,387 |
| 2023 Total Population : | 4,814 | 14,421 | 25,071 |
| 2023 Employed Civilian Pop : | 1,877 | 5,451 | 10,094 |
| 2023 Total Businesses : | 437 | 1,051 | 1,356 |
| 2023 Average Household Income : | $ 50,100 | $ 61,825 | $ 73,814 |
| 2023 Total Consumer Spending : | $ 95 M | $ 352 M | $ 699 M |
| 2023 Median Age : | 47 | 52 | 51 |
| 2023 Total Households : | 2,164 | 6,429 | 10,759 |
| 2023 Pop Age 25+: Bachelor's Degree : | 366 | 1,544 | 2,625 |
| 2023 Average Home Value : | $ 161,677 | $ 198,792 | $ 248,742 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Broad Street | Chatman Blvd | 2022 | 24,000 | 0.10 mi |
| S Broad St | Candlelight Blvd | 2010 | 23,000 | 0.17 mi |
| Candlelight Boulevard | Erin Way | 2022 | 1,300 | 0.38 mi |
| Darby Lane | Jerome Brown Pl | 2022 | 1,200 | 0.39 mi |
| West Martin Luther King Junior Boulevard | S Mildred Ave | 2021 | 4,900 | 0.46 mi |
| West Martin Luther King Junior Boulevard | Hale Ave | 2022 | 5,100 | 0.46 mi |
| Barnett Road | Windy Way | 2022 | 1,300 | 0.47 mi |
| Broad Street | Barnett Rd | 2022 | 32,500 | 0.56 mi |
| Cortez Boulevard | Ray Browning Rd | 2022 | 32,000 | 0.58 mi |
| Hale Avenue | Cook Ave | 2022 | 1,500 | 0.60 mi |
Sand Springs, OK
Cap Rate 6.25%
Lease Abs NNN
R. Term 19.11 yrs
Size/SF 3,318
Clifton Park, NY
Cap Rate 5.75%
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Azle, TX
Cap Rate 6.00%
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Fort Worth, TX
Cap Rate 6.00%
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Taylor, MI
Cap Rate 4.55%
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R. Term 14.10 yrs
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Rialto, CA
Cap Rate 4.70%
Lease Abs NNN
R. Term 13.90 yrs
Size/SF 2,224
Cartersville, GA
Cap Rate 5.75%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 2,092
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
