Restaurant
Starbucks | New 10-Yr. Lease | No Kickout Clause
1000 S Broad St, Brooksville (North of Tampa), FL 34601
Listing Price: $3,967,000
Cap Rate
5.75%
Tenant Name
Starbucks
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Double Net
Rent Per Square Feet
$91.24
Investment Overview
Marcus & Millichap is pleased to present the Starbucks in Brooksville, FL.
Starbucks | New 10-Yr. Lease | No Kickout Clause
Investment Highlights
- New 10-Year Corporate Lease with No Early Termination Clause
- 10% Rental Increases Every 5 Years in the Base Term and Options
- Investment Grade Credit Tenant (Rated BBB+ by S&P), Ranked #125 on Fortune 500
- Brand New High-Quality Construction with a Patio and Drive-Thru
- Mobile App and Drive-Thru Orders Make Up 70%+ of Sales
- Serving Over 80,000 Residents in Rapidly Growing Trade Area, 45 Miles North of Downtown Tampa
- Hard Corner Location, Highly Visible to More Than 31,500 Cars/Day
- Down the Street from High-Volume Walmart Supercenter, Lowe's, Publix, Winn-Dixie, a Brand New Wawa, and Many More
Exclusively Listed By
Broker of Record
Restaurant
Starbucks | New 10-Yr. Lease | No Kickout Clause
Listing Price: $3,967,000
Cap Rate
5.75%
Tenant Name
Starbucks
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Double Net
Rent Per Square Feet
$91.24
Investment Highlights
- New 10-Year Corporate Lease with No Early Termination Clause
- 10% Rental Increases Every 5 Years in the Base Term and Options
- Investment Grade Credit Tenant (Rated BBB+ by S&P), Ranked #125 on Fortune 500
- Brand New High-Quality Construction with a Patio and Drive-Thru
- Mobile App and Drive-Thru Orders Make Up 70%+ of Sales
- Serving Over 80,000 Residents in Rapidly Growing Trade Area, 45 Miles North of Downtown Tampa
- Hard Corner Location, Highly Visible to More Than 31,500 Cars/Day
- Down the Street from High-Volume Walmart Supercenter, Lowe's, Publix, Winn-Dixie, a Brand New Wawa, and Many More
Investment Overview
Marcus & Millichap is pleased to present the Starbucks in Brooksville, FL.
Exclusively Listed By
Broker of Record
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