Starbucks

• Low Rent Basis: Starbucks currently pays just $102,300 annually, providing investors with an attractive rent basis and long-term real estate fundamentals.
• Corporate Backed Starbucks Lease: The property is backed by a corporate guarantee from Starbucks Corporation, a globally recognized brand with more than 40,000 locations worldwide and an investment-grade BBB+ S&P credit rating, providing investors with strong credit-backed income.
• Upcoming 10% Rental Increase: The lease features a 10% rental increase in September 2027, increasing annual rent from $102,300 to $112,530 and providing meaningful near-term income growth. The lease also includes 5% increases throughout each renewal option.
• Established Drive-Thru Starbucks Location: The property features a drive-thru, enhancing convenience and accessibility while supporting Starbucks’ high-volume, on-the-go customer base.
• Fee Simple Ownership: The offering provides investors with fee simple ownership of the land and improvements, combining the underlying real estate with income from a corporate-guaranteed Starbucks lease.
• Strong Site Commitment: Tenant has operated this location for nearly 25 years.
• Outparcel to Top-Performing AMC Veterans 24: The property is strategically positioned as an outparcel to an AMC Theater, ranking in the 94th percentile nationally, driving significant traffic and consistent consumer activity to the immediate area.
• Strong Tampa Demographics: The property benefits from a substantial surrounding consumer base with approximately 266,032 residents and 109,748 households within five miles, along with an average household income of approximately $118,957.
• Strategic Location & Regional Connectivity: Positioned just off the Veterans Expressway (SR 589), offering convenient access throughout the Tampa Bay MSA, including Westshore, Tampa International Airport, and Downtown Tampa.
• Dense Corporate & Employment Base: Strategically positioned near Renaissance Center Park and Westlake Corporate Center, comprising nearly 1 million square feet of Class A office space and providing a substantial built-in daytime customer base.