- Starbucks recently signed a brand new 10-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
- 2024 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements
- The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 35,000 stores
- The lease features 10% rental increases every 5 years and at the beginning of each option
Investment Offering
Brooksville, FL - Starbucks
1000 S. Broad St | Brooksville, FL 34601
$3,967,000
Price5.75%
Cap Rate$228,093
NOI2,500
± SF Offering GLADescription
Location
- Starbucks is ideally located at the hard corner of South Broad Street and Candlelight Boulevard
- The site is equipped with a drive-thru, allowing for Starbucks to maximize efficiency and productivity at this location
- The surrounding retail developments include Brooksville Square (178,000+ SF), South Plaza (143,000+ SF), and South Square Shopping Center (142,000+ SF), featuring tenants such as Publix, Big Lots, Winn-Dixie, AutoZone, Walgreens, and more
Contact
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739