Net Lease Florida: Brand-New Starbucks with 10-Year Lease

Brand-New 10-Year Net Lease Florida| Under Construction: Currently under construction. Starbucks’ brand-new net lease in Florida commenced in June 2024. Features 10 years of primary term with 10% rent increases in year 6 and in each of the six 5-year renewal options.

Strategic Location: Starbucks is part of the upcoming Sumner Crossing shopping center, which will be home to Starbucks, Lockhart Storage, Express Oil, Circle K Car Wash and a 5,300 SF retail strip. Sumner Crossing is adjacent to the $75M Sumner High School (3,500+ students), which opened in 2020 and drives significant traffic to the immediate area. Additionally, Starbucks is diagonally across from the 63,365-square-foot Belmont Shopping Center. Completed in 2020, the new development is anchored by Publix and is further tenanted by Domino’s Pizza, Great Clips, and Rita’s Italian Ice, to name a few.

Excellent Access & Visibility: Located roughly 8 miles from downtown Riverview and 22 miles from Tampa, the site benefits from excellent access and visibility at the signalized intersection of U.S. Highway 301 (14,200 VPD), Balm Road (15,200 VPD) and Paseo Al Mar Boulevard. The site is roughly 3 miles southeast of the on-ramp to I-75 (137,000 VPD), which provides access to downtown Tampa, Ocala, Gainesville, and Lake City.

Affluent Demographics: The site benefits from affluent demographics with a population of 71,500 and an average household income of $118,068 within a 3-mile radius.

Starbucks – Tampa, FL MSA