Daytona Beach, FL - Starbucks

Description:

- Starbucks recently signed a brand new 10-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
- Brand new 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, growing NOI and hedging against inflation

- Positioned directly off I-95, the property benefits from a high traffic volume of 85,500 VPD on average, while also enjoying prominent frontage along LPGA Blvd with a traffic flow of 26,210 VPD on average
- Positioned across from Latitude Landings, a Publix anchored center that also serves as a gateway to the Latitude Margaritaville Community
- The assets additionally benefits from multiple points of access, including two signalized intersections