Property Highlights
- Newly constructed free standing Starbucks with drive-thru
- For U.S. stores that have remained open during COVID-19, same-store sales are down only 25%, and 80% of Starbucks sales prior to COVID-19 were made up of drive-thru and to-go orders
- Corporate guarantee from investment grade tenant: S&P BBB+
- High profile, signalized corner location at the primary intersection in the trade area
- Shared intersection with daily needs and destination retailers including: Walmart, Publix, Ross, Marshalls, Ulta and Lowe’s
- Scheduled 10% rent increases provide hedge against inflation
- Fee simple ownership of land and building allows for depreciation
- Plant City is part of the second largest MSA in Florida (Tampa-St. Petersburg-Clearwater) and is strategically located between Tampa and Orlando along Interstate 4
- 51,000 people moved to the Tampa area in 2018 making it the 9th fastest growing MSA in the U.S.