Deltona, FL - Starbucks

Description:

• 7+ years remain on this lease with 6 (5-year) options to extend
• The lease features 10% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation
• The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 41,000 stores
• The asset features 2023 construction with high-quality materials, high-level finishes, and distinct Starbucks design elements built to last

• Starbucks fronts the signalized intersection of Howland Boulevard and State Highway 472, collectively generating more than 65,500 VPD
• The asset will benefit from the presence of Interstate 4 which generates approximately 110,500 VPD on average
• The subject property will benefit from having multiple points of access, cross access with the neighboring Burger King and being drive-thru equipped
• National credit tenants in the immediate trade area include; Wawa, McDonald’s, Burger King, Dollar General, Wendy’s, O’Reilly Auto Parts, an Amazon Distribution Center and many others

---

Report Listing This listing was syndicated through:

Listing ID: a288X0000075d8WQAQ