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

2,500 SF Retail Building Sanford, FL 32771 $3,700,000 ($1,480/SF) 5.11% Cap Rate

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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.