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| Price $3,336,000 | Built/Renov 2024 | Tenant Starbucks |
| Cap Rate 5.25% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
2,555
| Lease Start
07-01-2024
| #Units
38,038
|
| Price/SF $1,305.68 | Expiration
07-01-2034
| Tenant Type Fast Food/QSR |
| NOI $175,125 | R. Term 9.6 | Ownership Fee Simple |
| Rent/SF
$68.54
| Increases 10.0%/5/yrs | Pop 5Mi 46,667 |
| Lot/AC 0.94 | Options 6/5yrs/10% | AHHI 5Mi $77,330 |
| | |
Starbucks is strategically located at the signalized, hard corner intersection of W Norvell Bryant Hwy and Lecanto Hwy, with access to a combined daily traffic count of 41,600 vehicles. The property serves as an outparcel to the Shoppes at Black Diamond, a new 29-acre retail development anchored by Target. Neighboring well-known national tenants include ALDI, KFC, Starbucks, 7-Eleven, Express...
...New construction
Signalized intersection
Near major nationals
Shopping Ctr out-parcel
Income tax free state
Brand new lease
Long 10+ 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 : | 1,111 | 22,554 | 49,757 |
| 2024 Total Population : | 1,058 | 21,605 | 47,699 |
| 2024 Employed Civilian Pop : | 350 | 6,704 | 15,223 |
| 2024 Total Businesses : | 81 | 605 | 1,389 |
| 2024 Average Household Income : | $ 102,899 | $ 90,061 | $ 85,350 |
| 2024 Total Consumer Spending : | $ 34 M | $ 790 M | $ 1618 M |
| 2024 Median Age : | 63 | 63 | 62 |
| 2024 Total Households : | 376 | 9,891 | 21,365 |
| 2024 Pop Age 25+: Bachelor's Degree : | 203 | 3,000 | 5,905 |
| 2024 Average Home Value : | $ 442,661 | $ 368,748 | $ 343,352 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| West Norvell Bryant Highway | N Lakecrest Loop | 2022 | 13,000 | 1.59 mi |
| West Pearson Street | W Pearson St | 2022 | 3,200 | 1.86 mi |
| Gulf to Lake Highway | W Ancona Path | 2022 | 18,300 | 2.30 mi |
| Roosevelt Boulevard | S Columbus St | 2022 | 6,200 | 2.43 mi |
| W Gulf To Lake Hwy | N Van Nortwick Rd | 2005 | 25,000 | 2.48 mi |
| West Mustang Boulevard | N Wigwam Ter | 2022 | 3,300 | 2.48 mi |
| South Lecanto Highway | W Southern St | 2022 | 6,000 | 2.55 mi |
| W Gulf To Lake Hwy | S Rowe Ter | 2005 | 27,500 | 2.82 mi |
| Gulf to Lake Highway | W Gulf To Lake Hwy | 2022 | 22,186 | 2.84 mi |
| W Gulf To Lake Hwy | S Crystal Glen Dr | 2005 | 22,586 | 2.86 mi |
Roxboro, NC
Cap Rate 6.25%
Lease Abs NNN
R. Term 12.10 yrs
Size/SF 3,230
Rowlett, TX
Cap Rate 6.00%
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R. Term 15.00 yrs
Size/SF 2,236
Sherman, TX
Cap Rate 6.00%
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R. Term 15.00 yrs
Size/SF 2,518
Fort Worth, TX
Cap Rate 5.15%
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R. Term 15.10 yrs
Size/SF 3,153
San Antonio, TX
Cap Rate 5.00%
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R. Term 8.70 yrs
Size/SF 2,675
Baldwin Park, CA
Cap Rate 4.25%
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R. Term 14.10 yrs
Size/SF 950
South Hill, VA
Cap Rate 4.25%
Lease Abs NNN
R. Term 14.70 yrs
Size/SF 3,893
Edmond, OK
Cap Rate 6.00%
Lease Abs NNN
R. Term 18.50 yrs
Size/SF 2,271
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
Memphis, TN
Cap Rate 6.00%
Lease Abs NNN
R. Term 11.30 yrs
Size/SF 6,124
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
