Tampa, FL - Starbucks

Description:

• Starbucks corporate signed lease
• 1 year remaining with 2 (5-year) option periods to extend
• The lease features a 10% rental increase in year 6 and at the beginning of each option period
• The Starbucks is ranked in the 87th percentile nationwide for annual visits with over 405,000 per placer.ai
• Since 2020, Starbucks has invested over $955k in improvements to the site, demonstrating their commitment to the location (contact listing agents for details)
• The tenant currently pays significantly below market rents

• The subject property is located directly across from Carrollwood Center, a Publix anchored center with other tenants including Wingstop, Jersey Mike’s, Plato’s Closet, and more
• Located in a dense retail corridor with other national/credit tenants including Walmart, Lowe’s, Marshalls, McDonald’s, Outback Steakhouse, Cheddar’s, Wawa, Culver’s, and many others
• The asset is located at the signalized, hard corner intersection of Dale Mabry Highway and Linebaugh Ave which combine to average more than 117,000 vehicles passing by daily
• The site’s location provides excellent visibility and access, increasing consumer exposure to the site

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Listing ID: a28TP000002QKd3YAG