Restaurant
Starbucks | New 10-Yr. Lease | No Early Termination
3370 Bayside Lakes Blvd SE, Palm Bay (Southeast of Orlando), FL 32909
Listing Price: $3,739,000
Cap Rate
5.75%
Tenant Name
Starbucks
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Double Net
Rent Per Square Feet
$86.00
Investment Overview
Marcus & Millichap is pleased to present the Starbucks in Palm Bay, FL.
Starbucks | New 10-Yr. Lease | No Early Termination
Investment Highlights
- New 10-Year Corporate Lease with No Early Termination Clause
- 10% Rental Increases Every 5 Years in the Base Term and Options
- Investment Grade Credit Tenant (Rated BBB+ by S&P), Ranked #125 on Fortune 500
- New High-Quality Construction with a Patio and Drive-Thru
- Serving Over 80,000 Residents in Rapidly Growing Trade Area
- In the Heart of Thousands of New Homes and Residential Subdivisions Under Construction
- Average Household Income Exceeds $75,000 within 3 Miles
- Strategic Location, Closest Starbucks is Over 8 Miles Away
Exclusively Listed By
Broker of Record
Financing By
Restaurant
Starbucks | New 10-Yr. Lease | No Early Termination
Listing Price: $3,739,000
Cap Rate
5.75%
Tenant Name
Starbucks
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Double Net
Rent Per Square Feet
$86.00
Investment Highlights
- New 10-Year Corporate Lease with No Early Termination Clause
- 10% Rental Increases Every 5 Years in the Base Term and Options
- Investment Grade Credit Tenant (Rated BBB+ by S&P), Ranked #125 on Fortune 500
- New High-Quality Construction with a Patio and Drive-Thru
- Serving Over 80,000 Residents in Rapidly Growing Trade Area
- In the Heart of Thousands of New Homes and Residential Subdivisions Under Construction
- Average Household Income Exceeds $75,000 within 3 Miles
- Strategic Location, Closest Starbucks is Over 8 Miles Away
Investment Overview
Marcus & Millichap is pleased to present the Starbucks in Palm Bay, FL.
Exclusively Listed By
Broker of Record
Financing By
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