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Starbucks - N. Fort Myers 3141 NE Pine Island Rd

2,500 SF Retail Building Cape Coral, FL 33909 $3,545,000 ($1,418/SF) 5.50% Cap Rate

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Investment Highlights

Starbucks is located off the signalized, hard corner intersection of US Highway 41 and NE Pine Island Rd averaging 89,000 VPD
The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 35,000 stores
Starbucks recently signed a brand new 10-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site

The site benefits from close proximity to a new Residential Development at Merchant’s Crossing (279 Units), further increasing consumer traffic
2023 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements
The lease features 5% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation