New Smyrna 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
• 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 39,000 stores
• The lease features 10% rental increases every 5 years and at the beginning of each option

• Starbucks is ideally located at the signalized, hard corner of State Hwy 44, which averages 44,000 vehicles passing by daily
• The subject property is strategically located just east of I-95 (78,000 VPD) and west of S Dixie Hwy (28,000 VPD), both major thoroughfares that connect South Florida to North Florida
• The site is equipped with a drive-thru, allowing for Starbucks to maximize efficiency and productivity at this location
• The subject property is an outparcel to NSB Regional Shopping Center (118,000+ SF), which is anchored by Publix, Big Lots, Dollar Tree, and many more
• The Publix ranks in the top 82% (226 out of 1,321) of all nationwide locations according to placer.ai
• Other nearby national/credit tenants include Home Depot, Wawa, Chipotle, and Aldi