Tampa, FL - Starbucks (Dale Mabry)

Description:

• Starbucks has 2.75 years remaining on their lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• 2018 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 40,200 stores
• The lease features 10% rental increases every 5 years and at the beginning of each option

• The site is ideally fronting US Hwy 92 / Dale Mabry Hwy, the main retail and commuter thoroughfare serving the city of Tampa and its surrounding North/South trade areas
• Across from a Publix-anchored center; the Publix ranks in the 93rd percentile (90 out of 1,341) of all nationwide locations via Placer.ai
• The US Hwy 92 / Dale Mabry Hwy corridor is home to several new developments, but most notably is the $1B Midtown development, home to the largest office deal in city history
• Tampa’s electric company, TECO, will move from its downtown headquarters in 2025 as the new 17-story tower on the East side of Midtown nears completion
• Just North of Plant High School (2,500-students), providing a steady consumer base from which to draw