DeLand, FL - Starbucks

Description:

• Starbucks recently signed a brand new 10-year lease with 6 (5-year) options to extend
• 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+) tenant with over 38,000 stores
• The lease features 10% rental increases every 5 years and at the beginning of each option

• Starbucks is located off the signalized, hard corner intersection of East Internantional Speedway Blvd and North Amelia Ave
• Less than 1.5 miles from Stetson University, providing a direct consumer base from which to draw
• The subject site is across from the Publix-anchored Northgate Shopping Center, which features tenants such as Truist, Tractor Supply Co., Big Lots, and more
• The Publix ranks in the top 95% (64 out of 1,323) of all nationwide locations according to Placer.ai
• The immediate trade area is supported by big box retailers such as Lowe’s, Walmart Supercenter, ALDI, and more