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Restaurant

Starbucks - Brand New Construction | Publix Outparcel | Tampa MSA

190 Mariner Blvd, Spring Hill, FL 34609

Listing Price: $3,470,588

Cap Rate
4.25%
Tenant Name
Starbucks
Years Remaining On Lease
10.2
Gross SF
2,500
Guarantor
Corporate Guarantee
Rentable SF
2,500
Price/Gross SF
$1,388.24
Lease Type
Double Net
Rent Per Square Feet
$59.00

Investment Overview

Marcus & Millichap is pleased to present for sale this New Construction Net Leased Starbucks located at 190 Mariner Boulevard in Spring Hill, Florida. The subject property consists of a free-standing building comprised of 2,500 square feet of retail space with a drive thru and is situated on a .7- acre parcel of land. Strategically located as a Publix Anchored Shopping Center outparcel the property benefits from a high number of pedestrian and vehicular traffic. The Shopping Center is located on the Hard-Signalized Intersection of Mariner Boulevard and County Line Road, a major East- West thoroughfare, which is highly visible to more than 17,521 vehicles per day. It also features excellent access. The immediate trade area is also home to a number of National and Regional retailers including but not limited to Publix, Walgreens, McDonald’s, AutoZone, Jiffy Lube, Applebee’s, BBVA Bank, and many more. Starbucks recently signed a brand new 10 Year lease which features attractive rent increases and provide Six 5-Year option periods to extend. Construction started during summer of 2021 and is expected to be completed in Q3 2021, with rent commencing soon thereafter. Starbucks is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It was founded in 1971 in Pike Place Market in Seattle, Washington and it is the world’s largest coffeehouse chain. Starbucks Corporation encompasses 32,000+ Stores and annual sales over $26.5 Billion.

Investment Highlights

  • Brand New Construction | Q3 2021 Completion
  • Outparcel to Publix Anchored Shopping Center
  • Fee Simple | Allowing for Depreciation
  • No Early Kickout Clause
  • Florida is a No Income Tax Free State

Exclusively Listed By

Financing By

Restaurant

Starbucks - Brand New Construction | Publix Outparcel | Tampa MSA

Listing Price: $3,470,588

Cap Rate
4.25%
Tenant Name
Starbucks
Years Remaining On Lease
10.2
Gross SF
2,500
Guarantor
Corporate Guarantee
Rentable SF
2,500
Price/Gross SF
$1,388.24
Lease Type
Double Net
Rent Per Square Feet
$59.00

Investment Highlights

  • Brand New Construction | Q3 2021 Completion
  • Outparcel to Publix Anchored Shopping Center
  • Fee Simple | Allowing for Depreciation
  • No Early Kickout Clause
  • Florida is a No Income Tax Free State

Investment Overview

Marcus & Millichap is pleased to present for sale this New Construction Net Leased Starbucks located at 190 Mariner Boulevard in Spring Hill, Florida. The subject property consists of a free-standing building comprised of 2,500 square feet of retail space with a drive thru and is situated on a .7- acre parcel of land. Strategically located as a Publix Anchored Shopping Center outparcel the property benefits from a high number of pedestrian and vehicular traffic. The Shopping Center is located on the Hard-Signalized Intersection of Mariner Boulevard and County Line Road, a major East- West thoroughfare, which is highly visible to more than 17,521 vehicles per day. It also features excellent access. The immediate trade area is also home to a number of National and Regional retailers including but not limited to Publix, Walgreens, McDonald’s, AutoZone, Jiffy Lube, Applebee’s, BBVA Bank, and many more. Starbucks recently signed a brand new 10 Year lease which features attractive rent increases and provide Six 5-Year option periods to extend. Construction started during summer of 2021 and is expected to be completed in Q3 2021, with rent commencing soon thereafter. Starbucks is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It was founded in 1971 in Pike Place Market in Seattle, Washington and it is the world’s largest coffeehouse chain. Starbucks Corporation encompasses 32,000+ Stores and annual sales over $26.5 Billion.

Exclusively Listed By

Financing By

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