Starbucks - KAY Jewelers
201-742-6119 | Email
- Corporately Guaranteed Leases
- NN+ 10 Year Lease Terms Plus Options
- Attractive Rent Increases Every 5 Years
- Over 35K VPD
- Starbucks Has a Drive Through
- Brand New Construction
- Stable and Growing Market with a Strong Tourism Industry
- Transferable Roof Warranty and Limited Landlord Responsibilities
Marcus & Millichap is pleased to exclusively present for sale a new construction Starbucks and Kay Jewelers in Pace, FL. Both tenants are under new 10 year corporately guaranteed NN+ leases with rent increases every five years throughout the base term and options. Starbucks has an Investment Grade A- credit rating from S&P and is considered one of the most stable tenants in the industry. Signet, the parent company of Kay Jewelers, has over $6 Billion in annual sales and is publically traded.
The subject property is in the Pensacola FL MSA and is less than five minutes from the coast’s beautiful white sand beaches. Located on Highway 90, the main retail corridor, the subject property boasts strong surrounding tenants including The Home Depot, Walmart, Publix, Target, Game Stop, Panera Bread, Ruby Tuesday, Office Depot, Panda Express and many more!
This is a unique opportunity to acquire a prime Florida asset with the ideal mix of return, rent growth and long term stability.