Starbucks (Self-Maintain) near Disney World

Highlights:

• New Construction: Tenant opened January, 2025.
• Rare Self-Maintain Provision*: Tenant handles all regular maintenance of the Premises, which is rare and favorable to the landlord compared to a typical Starbucks.
• Investment-Grade Credit Tenant: S&P Credit Rating: BBB+.
• Long-term Lease: 10-year initial term with (6) 5-year renewal options.
• Scheduled Rent Increases: 10% rent increases every 5 years throughout initial term and renewal terms.
• Exponential Population Growth: 1-Mile Population Growth: 101.33%; 5-mile Population Growth: 50.38% (2020-2024)
• High-Traffic Signalized Outparcel: 55,500 vehicles per day with convenient cross access to a full access traffic signal.
• Nearby Theme Parks and Retailers: Disney World, Margaritaville, Publix, Wawa, Fifth Third Bank, Culver’s, Taco Bell, Dunkin’, RaceTrac, Twistee Treat, McDonald’s, Aldi, 7-Eleven, AdventHealth ER, and more.

Description:

Simaan Real Estate is pleased to exclusively offer the opportunity to acquire the 100% fee simple interest in a brand-new net leased Starbucks, strategically located on West 192, in close proximity to Walt Disney World®, Margaritaville, numerous timeshare resorts and vacation rentals, and South of the Horizon West master planned community. The new construction building has a critically important drive through lane, excellent exposure, convenient ingress/egress, and beneficial cross access to the adjacent lots and full access traffic signal.

An investor will benefit from a landlord favorable 10-year NN lease with Starbucks corporate (S&P: BBB+), which includes a rare self-maintain provision, requiring the tenant to handle all regular maintenance of the premises. The lease also features ten percent rental increases every five years in the initial term and option periods, providing an investor with an inflation-hedged income stream backed by an investment-grade credit tenant. Starbucks is a strong global brand that has grown to 40,576 locations worldwide with a market capitalization of $123.64 billion.

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