305 E Mitchell Hammock Rd
Oviedo, FL 32765
Starbucks · Retail Property For Sale

New Starbucks | 10 Yr | Unique Design Features SRS National Net Lease Group is offering the opportunity to acquire the fee simple interest (land and building) in a freestanding, single tenant, net leased, Starbucks with drive-thru located in Oviedo, Florida. The lease is guaranteed by Starbucks Corporation (NASDAQ: SBUX), with an S&P investment grade credit rating of A-. Starbucks just signed a brand new 10-year lease, and it features a 10% rental increase in year 6, which generates NOI growth and hedges against inflation. The Starbucks opened in August 2016. The Starbucks is situated at the signalized, hard corner intersection of E. Mitchell Hammock Road and City Plaza Way (25,000 combined vehicles per day) with excellent visibility. The site is located near many national/credit tenants including, Publix, Planet Fitness, LA Fitness, ALDI, and more. Additionally, Starbucks is 2 miles away from Oviedo Marketplace and Oviedo Park Crossing (720,000 combined retail SF). These two shopping centers are anchored by Target, Lowe' s, Macy' s, TJ Maxx, PetSmart, Regal Cinemas, and more. Within a 5-mile radius from the site, over 136,500 residents ($89,400 average household income) and nearly 63,000 employees support the trade area.