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10410 Gibsonton DrRiverview, FL 33578
Starbucks Riverview, FL
Asset ClassRetail
Cap Rate5.25%
Deal Size: $4.09 MLease-Term Remaining: 10 YearsRetail SF: 2,562Access Data Room
Starbucks | Riverview, FL | 5.25% CAP | $4.1M
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this newly constructed Starbucks featuring a 10 year Net Lease with 10% rental increases every 5 years. Starbucks is planning to open for business in August.

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Investment Highlights

Trophy Asset

Rare opportunity to own a hyper-secure, brand-new construction Starbucks in a major Florida growth market

 

Shared Traffic Light With Lowe's

Strategically located between I-75 and US-301 at the main signalized entrance to a Lowe's anchored shopping center

 

2024 Construction with Roof Warranty

Brand new construction with drive-thru and 15-year transferable roof warranty

 

New 10-Year NN Lease

Starbucks Corporation guarantees the lease and is responsible for maintaining the parcel which provides passive ownership and long-term stable cash flow

 

Dynamic Trade Area

Riverview's population has grown over 75% since 2000 with an AHHI over $100,000

 

Investment Grade Credit

Starbucks has an investment grade credit rating and is the largest coffee provider in the World with over 35,700 stores

 

Inflation Hedge

Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth

 

Depreciation

Fee simple ownership of the building allows for depreciation boosting after-tax returns

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10410 Gibsonton DrRiverview, FL 33578

Sales Team

Patrick WagorExecutive Vice President561-427-6151pwagor@atlanticretail.com
Chris PetersonExecutive Vice President - Capital Markets - Atlantic Retail(703) 517-5943cpeterson@atlanticretail.com
David HoppeHead of Net Lease Sales980-498-3293dhoppe@atlanticretail.com
Sam YoungExecutive Vice President980-498-3292syoung@atlanticretail.com

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Listing provided by Revere CRE