Tampa (Lecanto) 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
• 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+), 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

• Starbucks is an outparcel to the Shoppes at Black Diamond, a new 29-acre retail development anchored by Target
• The Shoppes at Black Diamond will feature ALDI, KFC, Starbucks, 7-Eleven, Express Oil, Texas Roadhouse, and more
• The site is located at the signalized, hard corner intersection (shared with Walmart) of
W. Norvell Bryant Hwy and N. Lecanto Hwy averaging 41,600 VPD
• Across from a new retail development that features Glory Days, Hobby Lobby, Panda Express, Arby’s, and more
• Brand new construction that will feature high quality materials, distinct design elements, and high-level finishes