Starbucks | New 10yr Corp NN | 2023 Constr 287 High Water Ln

Investment Highlights

New 10-Year Lease | Scheduled Rental Increases | Corporate Signed | New Construction | Established Brand Direct Residential Consumer Base | Affluent Community |Strong Demographics in 5-Mile Trade Area Located Along State Highway 46 | Centralized Location |Dense Trade Area With Strong Tenants | Drive-Thru Equipped

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, drive-thru equipped, corporate signed, Starbucks investment property located in Sanford, FL (Orlando MSA). The tenant recently signed a brand new 10-year lease with 6 (5-year) option periods left to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity (S&P: BBB+) and is NN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. The property, which opened in Q4 2023, features a state-of-the-art design using the highest-grade materials available. Founded in 1971, Starbucks is the premier roaster and retailer of specialty coffee with over 38,000 locations worldwide.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    2,500
• Year Built    2023
• Price    3,780,000
• Price Per SF    1,512
• Cap Rate    5
• NOI    189,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.01
• Land Acres    5.04 AC

• Corner Lot
• Freeway Visibility
• Restaurant
• Signage
• Signalized Intersection
• Drive Thru