Retail For Sale in 32952

Prominent Location on East Merritt Island Causeway +/- 6.92 Acres Two Story Auto Dealership with Separate One-Story Service Center and Bays Prominent Signage BOAT DOCK First Floor Includes Bright Open Show Room Areas Perimeter Offices Prominent Staircase to Second Floor Elevator Well Appointed Second Floor Lounge Area Includes: Fitness Center Barber Shop Vending and Snack Bar Area Children's Play Area

Mike Milano, CCIM, MAI and Sean Glickman, CCIM, managing directors at Colliers International are pleased to offer for sale an opportunity to buy a highly desirable, Walgreens-dominant portfolio along with a mix of other similar properties occupied by creditworthy tenants. This portfolio contains seventeen exceptionally well located properties within primary markets in Florida and Georgia. This portfolio offering consists of: Twelve freestanding Walgreens Drug Stores Four in Tampa FL MS Two in Bradenton/Sarasota, FL Two in Naples, FL One in Merritt Island, FL Three in Atlanta, GA MSA One freestanding Bank of America – Tampa MSA One freestanding Applebee’s Restaurant (ground lease) – Atlanta MSA One single-tenant charter school (Academie Da Vinci) – Tampa MSA One, two-tenant property occupied by Anytime Fitness and Dunkin Donuts/Baskin Robbins – Tampa MSA One, Publix-anchored shopping center with three adjoining in-line shop tenants – Tampa MSA Domino’s Pizza H&R Block The UPS Store

This location is also in close proximity to the NASA John F. Kennedy Space Center which is a major tourist at-traction and largest employer in the area with over 8,500 employees. There are currently 6 years remaining on the NN lease with four (4), five-year options including 10% rent increases every five years. With potentially over 25 years of term, investors have the opportunity to purchase an asset with one of the strongest corporate guaranteed leases in the entire Net Lease industry. Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating 25,085 stores in 75 countries. As of October 2017, the company had a net worth in excess of $5.4 billion, TTM revenue of $22.3 billion, and TTM net income of $2.8 billion. NNN Investment Advisors is pleased to present for sale this Starbucks drive-thru in Merritt Island, Brevard County, Florida. The subject is strategically positioned on the heavily trafficked E Merritt Island Causeway (SR 520), which serves at the Gateway to Cocoa Beach and is a highly important thoroughfare as the main retail corridor leading from A1A, Beachside and connecting to SR 528 to Orlando. One of the most compelling aspects of this investment is the location of the site and it’s exceptional access to an important trade area and Florida vacation destination. Starbucks benefits from its strategic corner, out parcel location to a 90,000 SF Publix anchored shopping center with easy access to both east/west bound traffic and high visibility to over 32,000 VPD. Located along the area’s primary retail and medical corridor the site is 2 blocks west of the Merritt Square Mall, an 842,000 square foot Regional Mall anchored by Macy’s, Dillard's, J.C. Penney, Sears and Cobb Theater and surrounded numerous national retailers within a one mile radius including CVS, Walgreens, Ross, Michaels, Home Depot, Office Depot, Bank of America, UPS, T-Mobile, Sprint, Red Lobster, McDonald’s, Arby's, Wendy's, Burg-er King, Steak n Shake, O’Reilly, Advance Auto Parts, Bank of America, Olive Garden, Chili's, Bonefish Grill and many more.