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Restaurant

TROPHY STARBUCKS

2577 Ulmerton Rd, Clearwater, FL 33762

Listing Price: $2,994,000

Cap Rate
4.50%
Tenant Name
Starbucks Corporation
Years Remaining On Lease
6.1
Guarantor
Corporate Guarantee
Rentable SF
3,784
Lease Type
Double Net
Rent Per Square Feet
$35.59

Investment Overview

Marcus & Millichap is pleased to present this Trophy Starbucks, a rare opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the market of Clearwater, FL. The subject property is located at a signalized intersection with a massive traffic count of over 46,000 cars per day. This rare trophy location is also located in the densest county in Florida with a 807,419 population within 10 miles. It is located directly across the street from the Carillon Office Park boasting 5,000+ employees daily. The recent early lease extension demonstrate Starbucks’ commitment to this location as well. The subject property has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • New Lease Extension - Starbucks Exercised Renewal Early
  • Iconic Brand – 29,000+ Locations - Pandemic & E-Commerce Insulated Product Type
  • Rare Trophy Starbucks Location
  • Directly Across From Carillon Office Park with 5,000+ Daytime Employees
  • Located at Signalized Intersection - Massive Traffic Count of Over 46,000 Cars and Just 1/8 Mile From an Additional 37,500 VPD
  • Located in the Densest County in Florida - Incredible Demographics: 807,419 Population Within 10 Miles & HH Income - $120,746 Within 1 Mile

Exclusively Listed By

Restaurant

TROPHY STARBUCKS

Listing Price: $2,994,000

Cap Rate
4.50%
Tenant Name
Starbucks Corporation
Years Remaining On Lease
6.1
Guarantor
Corporate Guarantee
Rentable SF
3,784
Lease Type
Double Net
Rent Per Square Feet
$35.59

Investment Highlights

  • New Lease Extension - Starbucks Exercised Renewal Early
  • Iconic Brand – 29,000+ Locations - Pandemic & E-Commerce Insulated Product Type
  • Rare Trophy Starbucks Location
  • Directly Across From Carillon Office Park with 5,000+ Daytime Employees
  • Located at Signalized Intersection - Massive Traffic Count of Over 46,000 Cars and Just 1/8 Mile From an Additional 37,500 VPD
  • Located in the Densest County in Florida - Incredible Demographics: 807,419 Population Within 10 Miles & HH Income - $120,746 Within 1 Mile

Investment Overview

Marcus & Millichap is pleased to present this Trophy Starbucks, a rare opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the market of Clearwater, FL. The subject property is located at a signalized intersection with a massive traffic count of over 46,000 cars per day. This rare trophy location is also located in the densest county in Florida with a 807,419 population within 10 miles. It is located directly across the street from the Carillon Office Park boasting 5,000+ employees daily. The recent early lease extension demonstrate Starbucks’ commitment to this location as well. The subject property has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Exclusively Listed By

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