Views: 0 DOM: 115 Updated: 10.18.23 Posted: 08.18.23 Status: Active


Price $1,050,000
Built/Renov 2017
Tenant Starbucks
Cap Rate 4.76%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 1,825
Lease Start 08-01-2017
#Units 36,000
Price/SF $575.34
Expiration 07-31-2032
Tenant Type Fast Food/QSR
NOI $50,000
R. Term 8.7
Ownership Fee Simple
Rent/SF $27.40
Increases 10.0%/4/yrs
Pop 5Mi 38,419
Lot/AC 1.23
Options 4/5yrs/10%
AHHI 5Mi $90,222

Lease Highlights

  • Starbucks has over 8 years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Corporate guarantee by Starbucks Corporation (NASDAQ: SBUX)
  • Starbucks is an investment grade tenant (S&P:BBB+)

Location Description

This 1,825 square foot Starbucks is strategically located at the signalized, hard corner intersection of Perry Parkway and Houston Lake Road seeing over 18,300 vehicles per day. The site benefits from its location as an outparcel to a Publix Supermarket anchored shopping center. National/credit tenants in the area include McDonald’s, Circle K, O’Reilly Auto Parts, Wendy’s and more....



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  • Tenant: Starbucks
  • Guarantor:Corp T and Rated
  • Company:Starbucks Corporation
  • # Units:36,000
  • Tenant S&P: BBB+
  • Moody’s: Baa1
  • Stock:NASDAQ: SBUX

About Tenant

Starbucks Corporation is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official merchandise, such...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,109 19,251 39,156
2023 Total Population : 3,815 18,189 36,810
2023 Employed Civilian Pop : 1,826 8,142 17,224
2023 Total Businesses : 84 562 768
2023 Average Household Income : $ 86,301 $ 88,443 $ 102,298
2023 Total Consumer Spending : $ 106 M $ 534 M $ 1195 M
2023 Median Age : 41 40 39
2023 Total Households : 1,429 6,992 13,587
2023 Pop Age 25+: Bachelor's Degree : 384 1,957 5,286
2023 Average Home Value : $ 216,565 $ 219,094 $ 244,497
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Houston Lake Road Keith Dr 2019 10,400 0.46 mi
North Davis Drive Milton Way 2021 1,920 0.70 mi
Perry Pkwy Kings Chapel Rd 2005 5,720 0.79 mi
Windsor Road Kingston Rd 2021 90 0.95 mi
Lake Joy Road S Lake Dr 2021 3,420 0.95 mi
Lake Joy Road Glen Oaks Rd 2019 3,700 0.95 mi
Park Avenue PkwyDr 2021 2,450 1.01 mi
Oldfield Lane State Ave 2018 320 1.12 mi
Oldfield Lane State Ave 2021 360 1.12 mi
Oldfield Lane 2019 320 1.12 mi

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