Free Standing Net Leased Starbucks - LoopNet...Starbucks (Saint Petersburg) Property Financial...
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Apeiron Real Estate Starbucks (Saint Petersburg) Property Financial Overview Location Tenant Summary 6575 Central Avenue Tenant Trade Name Starbucks Saint Petersburg, FL 33710 Ownership Public Tenant Corporate Store Price 1,910,400.00 $ Lease Guarantor Corporate Guarantee Rentable Square Feet 1,440 Lease Type Double Net Price/SF 1,326.67 $ Roof and Structure Landlord Responsibility CAP Rate 4.75% Lease Term 10 years Year Built/Renovated 2006 Lease Commencement Date 10/1/16 Lot Size .38 +/- Rent Commencement Date 10/1/16 Type of Ownership Fee Simple Lease Expiration Date 9/30/26 Term Remaining on Lease 10 Annualized Operating Data Increases 10% every renewal option Rent Increases Annual Rent Monthly Rent Options 5 5-year Years 1-10 90,744.00 $ 7,562.00 $ Option 1 (Yrs 11-15) 99,819.00 $ 8,318.25 $ Option 2 (Yrs 16-20) 109,800.00 $ 9,150.00 $ For More Information Option 3 (Yrs 21-25) 120,787.20 $ 10,065.60 $ Matt Hurst Option 4 (Yrs 26-30) 132,868.80 $ 11,072.40 $ 415.794.8452 Option 5 (Yrs 31-35) 146,160.00 $ 12,180.00 $ [email protected] Base Rent ($55.54/SF) 90,744.00 $ Net Operating Income 90,744.00 $ Free Standing Net Leased Starbucks Saint Petersburg, FL OFFERING MEMORANDUM
Transcript of Free Standing Net Leased Starbucks - LoopNet...Starbucks (Saint Petersburg) Property Financial...
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Starbucks(SaintPetersburg)PropertyFinancialOverview
Location TenantSummary
6575CentralAvenue TenantTradeName StarbucksSaintPetersburg,FL33710 Ownership Public
Tenant CorporateStorePrice 1,910,400.00$ LeaseGuarantor CorporateGuaranteeRentableSquareFeet 1,440 LeaseType DoubleNetPrice/SF 1,326.67$ RoofandStructure LandlordResponsibilityCAPRate 4.75% LeaseTerm 10yearsYearBuilt/Renovated 2006 LeaseCommencementDate 10/1/16LotSize .38+/- RentCommencementDate 10/1/16TypeofOwnership FeeSimple LeaseExpirationDate 9/30/26
TermRemainingonLease 10
AnnualizedOperatingData Increases 10%everyrenewaloptionRentIncreases AnnualRent MonthlyRent Options 55-yearYears1-10 90,744.00$ 7,562.00$
Option1(Yrs11-15) 99,819.00$ 8,318.25$
Option2(Yrs16-20) 109,800.00$ 9,150.00$ ForMoreInformationOption3(Yrs21-25) 120,787.20$ 10,065.60$ MattHurstOption4(Yrs26-30) 132,868.80$ 11,072.40$ 415.794.8452Option5(Yrs31-35) 146,160.00$ 12,180.00$ [email protected]
BaseRent($55.54/SF) 90,744.00$NetOperatingIncome 90,744.00$
FreeStandingNetLeasedStarbucksSaintPetersburg,FL
OFFERINGMEMORANDUM
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Starbucks(SaintPetersburg)PropertyOverview
InvestmentHighlights
*10-yearStarbucksCorporateGuaranteedleasewith4,5-yearrenewaloptions
*10%rentincreasesperleaseextensionoption
*StandardandPoor'srecentlyupgradedSBUXto"AA-"rating
*33,500ADTon4thStreetNorth
*ThreeMilePopulation:71,174&FiveMilePopulation:166,937
*44%PopulationGrowthsince2000
TheOfferingProperty StarbucksPropertyAddress 88014thStreetNorth
St.Petersburg,FL33702
SiteDescriptionNumberofStories 1YearBuilt/Renovated 2006RentableSquareFeet 1,440LotSize .38+/-TypeofOwnership FeeSimpleParking AmpleParkingRatio 12:1000Landscaping Elaborate
ConstructionFoundation ConcreteSlabFraming ConcreteBlockExterior PaintedStuccoParkingSurface AshphaltRoof BuiltUpComposition
InteriorDetailWalls DrywallandTileCeilings AcousticTileFloorCoverings TileRestRooms 2
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Starbucks(SaintPetersburg)PropertyPhotos
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Starbucks(SaintPetersburg)PropertyLocation
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Starbucks(SaintPetersburg)StarbucksInformation
TenantOverview
2014Revenue: 15.66B
NYSESymbol: SBUX
Headquarters: Seattle,WA
Employees: 182,000
MorningStarCredit: AA-
BusinessSummary
StarbucksCorporationoperatesasaroaster,marketer,andretailerofspecialtycoffeeworldwide.Itsstoresoffercoffeeandteabeverages,packagedroastedwholebeanandgroundcoffees,singleserveproducts,andjuicesandbottledwater.Thecompanysstoresalsoprovidefreshfoodofferings;ready-to-drinkbeverages;andvariousfoodproducts,includingpastries,andbreakfastsandwichesandlunchitems,aswellasbeverage-makingequipmentandaccessories.Inaddition,itlicensestherightstoproduceanddistributeStarbucksbrandedproductstoTheNorthAmericanCoffeePartnershipwiththePepsi-ColaCompany,aswellaslicensesitstrademarksthroughlicensedstores,grocery,andnationalfoodserviceaccounts.ThecompanyoffersitsproductsundertheStarbucks,Teavana,Tazo,SeattlesBestCoffee,StarbucksVIA,StarbucksRefreshers,EvolutionFresh,LaBoulange,andVerismobrandnames.AsofSeptember29,2013,itoperatedapproximately10,194company-operatedstoresandapproximately9,573licensedstores.StarbucksCorporationwasfoundedin1985andisbasedinSeattle,Washington.
* Theinformationabovehasbeenobtainedbysourcesdeemedtobereliable.Whilewedon'tdoubtit'saccuracy,wehavenotverifieditandmakenoguarantee,warrantyorrepresentationaboutit.Buyerisresponsible
toconfirmtheaccuracyandcompletenessoftheinformationusingBuyer'sownexperts.
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