$2,875,000
Total Lot Size: 3.88 Acres
Occupancy: 92%
Cap Rate: 6.57%
Year Built: 1982
Highlights
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New Lease Extension – Starbucks Exercised Renewal Early
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Iconic Brand – 29,000+ Locations – Pandemic & E-Commerce Insulated Product Type
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Rare Trophy Starbucks Location
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Directly Across From Carillon Office Park with 5,000+ Daytime Employees
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Located at Signalized Intersection – Massive Traffic Count of Over 46,000 Cars and Just 1/8 Mile From an Additional 37,500 VPD
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Located in the Densest County in Florida – Incredible Demographics: 807,419 Population Within 10 Miles & HH Income – $120,746 Within 1 Mile
Description
Marcus & Millichap is pleased to present Starbucks, a rare opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the market of Clearwater, FL. The subject property is located at a signalized intersection with a massive traffic count of over 46,000 cars per day. This rare trophy location is also located in the densest county in Florida with a 807,419 population within 10 miles. It is located directly across the street from the Carillon Office Park boasting 5,000+ employees daily. The recent early lease extension demonstrate Starbucks’ commitment to this location as well. The subject property has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.
Contact Brokers

Jim Shiebler, CCIM, CEC
First Vice President Investments
Jim.Shiebler@MarcusMillichap.com
(O) 239.340.7811
FL #SL3347780

James Garner, CCIM
First Vice President Investments
James.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL3273659
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