Restaurant
Starbucks | Rare 15-Year NNN Lease | Relocation Store
2265 Martin Luther King Jr Blvd, Panama City, FL 32405
Listing Price: $4,000,000
Cap Rate
5.25%
Tenant Name
Starbucks
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Absolute Net
Rent Per Square Feet
$84.00
Investment Overview
STARBUCKS
• PUBLICLY TRADED COMPANY
• INVESTMENT GRADE CREDIT | BBB+/STABLE
• WORLDWIDE BRAND | 38,000+ LOCATIONS
• $35.97 BILLION ANNUAL REVENUE
• GLOBAL COMPARABLE STORE SALES UP 8% IN 2023
Investment Highlights
- EXTREMELY RARE 15-YEAR NNN STARBUCKS
- 10% INCREASES EVERY 5 YEARS
- RARE RELOCATION STORE FROM ACROSS THE STREET
- OUTPARCEL TO CLASS-A RETAIL POWER CENTER
- DENSELY POPULATED MARKET | 84,000+ 5-MILE POPULATION
Exclusively Listed By
Broker of Record
Restaurant
Starbucks | Rare 15-Year NNN Lease | Relocation Store
Listing Price: $4,000,000
Cap Rate
5.25%
Tenant Name
Starbucks
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Absolute Net
Rent Per Square Feet
$84.00
Investment Highlights
- EXTREMELY RARE 15-YEAR NNN STARBUCKS
- 10% INCREASES EVERY 5 YEARS
- RARE RELOCATION STORE FROM ACROSS THE STREET
- OUTPARCEL TO CLASS-A RETAIL POWER CENTER
- DENSELY POPULATED MARKET | 84,000+ 5-MILE POPULATION
Investment Overview
STARBUCKS • PUBLICLY TRADED COMPANY • INVESTMENT GRADE CREDIT | BBB+/STABLE • WORLDWIDE BRAND | 38,000+ LOCATIONS • $35.97 BILLION ANNUAL REVENUE • GLOBAL COMPARABLE STORE SALES UP 8% IN 2023
Exclusively Listed By
Broker of Record
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