30503 US HIGHWAY 19 N Palm Harbor FL 34684-4419

CBRE is pleased to present an exclusive listing for the Sonny’s BBQ and Starbucks property located at 30503 US Hwy 19 North in Palm Harbor, Florida. The site consists of 8,659 total square feet of building space and sits on 1.02 acres of land. The site will be subject to a 15-Year NNN Lease with ACG BBQ, LLC and assumption of existing Starbucks Lease. Starting in year one, the base rent shall be $441,865. The Sonny’s BBQ lease will call for 7.5% rental escalations every 5 years throughout the 15 year term and six (6) five-year renewal option periods extending the total possible lease term to 45 years. The Starbucks lease consists of 10% escalations each five (5) year period, and four (4) five-year options for a possible 25 year total term. Both tenants have been in continuous operations for over 16 years at this site. The subject property benefits from being located in a strong retail corridor surrounded by national and local tenants, shopping centers and hospitality accommodations. Located on an out-parcel to the Publix-anchored Seabreeze Plaza shopping center and across the intersection from the Curlew Crossing shopping center, the subject property is surrounded with major tenants such as: Publix, Petco, Staples, JoAnn Fabrics, The Home Depot, CVS Pharmacy, Walgreens Pharmacy, IHOP, Carrabba’s, Chick-fil-A, Olive Garden, Outback Steakhouse and many more.

• RARE Dual-Drive-Thru Building (One Drive-Thru for Starbucks & One Drive-Thru for Sonny’s BBQ)

• Best-In-Class Franchisee, ACG BBQ, LLC (Franchisee of the Year, Pit Master and other Awards)

• 108K+ VPD Visibility with Excellent Interstate Access and 200,000 People Within a 5-mile Radius

• Dense Retail Trade Area with Limited Competition for a Full-Service + Drive-Thru Concept

• Out-Parcel to 144K SF Publix Anchored Shopping Center with over 2.1M Annual Visitors

• Proven Location With New Long-Term Leases and Long-Tenured Tenants

• TROPHY Sonny’s BBQ with Top 3-Store Performance Year After Year

• Starbucks is Publicly Traded and S&P Credit BBB+

• ACG BBQ, LLC is Sonny’s BBQ’s Largest Franchisee

• Booming Demographics with continued growth

• Florida Real-Estate | No State Income Tax