5540 W Oak Ridge Rd
Orlando, FL 32819

ICONIC LOCATION – Starbucks at Grand National is the only single tenant Starbucks located within a 6-minute drive from Universal Orlando (19.7 million annual visitors) and is directly connected via the new Grand National Drive overpass–a soon-to-be access point for I-4 Express Lanes under construction. BEST-OF-THE-BEST RETAIL MARKET – Starbucks is located immediately across from the Simon-owned Orlando International Premium Outlets, a Top 10 U.S. Retail Asset based on sales around $1,000 PSF and rents rumored to be $100+ PSF. NEW LEASE & PROTOTYPE STORE – New long-term lease with nearly 10 years of term remaining and 10% rent increases every 5 years, including options. Starbucks at Grand National is the only single tenant location with a drive-thru within a 1.8-mile radius. INVESTMENT-GRADE CREDIT – Starbucks (NASDAQ: SBUX) is the third-largest fast food chain in the world with over 29,000 locations and carries an investment-grade credit rating from S&P (A-), Moody’s (Baa1), and Fitch (BBB+). #1 JOB GROWTH – Orlando has ranked #1 for Employment Growth for 8 consecutive months since May 2018 with 4.0% year-over-year job growth as of December 2018, compared to the 1.8% national average (BLS). STRONG LOCAL DEMOGRAPHICS – Orlando’s Tourist Corridor is dense and growing with a population of 92,570 residents within 3 miles of Starbucks and a growth projection of 9.1% through 2024. PREMIER MIXED-USE DEVELOPMENT – Grand National is slated to provide a built-in customer base from the planned TownePlace Suites by Marriott (160 rooms) plus potential for apartments and additional commercial uses. WORLD-RENOWNED DESTINATION – International Drive features over 43,000 hotel rooms and connects Grand National to the 2nd largest convention center in the United States—the Orange County Convention Center (1.4 million annual visitors). TARGETED AFFLUENT SHOPPERS – Located 1.5 miles from the Mall at Millenia, another Top 10 U.S. Retail Asset, Starbucks is in one of the best performing retail submarkets in America. The Mall at Millenia attracts the most affluent domestic and international shoppers. INSTITUTIONAL TRADE AREA – The Millenia/North I-Drive trade area has attracted significant institutional and ultra-high net worth investment due to immense traffic generators, central location, renewed infrastructure, and growing population. Since 2018, investors have poured over half a billion dollars into commercial real estate within 2.5 miles of Grand National, including acquisitions by Blackstone, Starwood, Barings, Walt Disney, and Comcast. I-4 ULTIMATE PROJECT & EXPRESS LANES – The $2.3 billion, 21-mile rebuild of Interstate 4 is adding express lanes, two in each direction, to the center of I-4. Grand National Drive will be an entry and exit point for express lane traffic, generating a new influx of tourists and residents from Greater Orlando into Grand National as a result of smoother travel. Scheduled completion is 2021.