starbucks - brandon, fl - exp realty advisors - brandon, fl.pdfindividual marketing packages can be...

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This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. For more information, contact: Robert James, Managing Director 280 Park Avenue, 11 th Floor, New York, NY 10017 [email protected] Phone 212-972-7457 Fax 212-972-7496 www.kimcoexchangeplace.com Investment Opportunity Kimco Exchange Place is a subsidiary of Kimco Realty Corporation. New 20 Year Starbucks Ground Lease 10% Escalation Every 5 years At Shoppes At Mt. Carmel (SR 60) Anchored by Lowes SR 60 & Mt. Carmel Rd., Brandon (Tampa) FL Property Summary: This ground leased fee interest consists of .46 acres on which the tenant constructed a 1,816 sf building. This property is a pad site to the newly developed Shoppes At Mt. Carmel, a Lowes anchored shopping center. Located across the street is a Wal Mart Supercenter and Home Depot. The property is located on SR 60 with traffic counts of approximately 46,000 vpd. Other tenants in the area include Publix, Winn Dixie and Bealls, among others. Estimated 2007 population of Brandon within a 5 mile radius is 168,000, with an average household income of $68,000. Population has increased 6.5% annually since 1990 and is expected to grow 3.3% annually from 2007 to 2012, within a 1 mile radius. Brandon has become a community of young, well-to-do professionals, many of whom commute to Tampa. The median age of the Brandon population is 35.5 years and 45% of the population over 25 years of age have had some college education or a college degree. Price and Cap : We offer this property at $1,262,508 which is a 6.1% cap rate on NOI of $77,013. NOI is comprised of base rent of $75,000 plus $2,013 (detailed below). In addition to Starbucks; the Chili’s and Panda Express ground leases are for sale at this center. Individual marketing packages can be found at www.kimco1031.com Tenant: Starbucks Corp. (NYSE: SBUX): Starbucks Corporation engages in the purchase, roasting, and sale of whole bean coffees worldwide. The company offers brewed coffees, espresso beverages, cold blended beverages, various complementary food items, coffee-related accessories and equipment, a selection of premium teas, and a line of compact discs through its retail stores. It also sells coffee and tea products; and licenses its trademark for retail store operations, and grocery and warehouse club stores, as well as to produce and distribute its branded products. In addition, Starbucks produces and sells ready-to-drink beverages, which include bottled coffee drinks, espresso drinks, and a line of ice creams. The company's brand portfolio includes superpremium Tazo teas, Starbucks Hear Music compact discs, Seattle's Best Coffee, and Torrefazione Italia coffee. It operates retail stores primarily in the United States, Canada, the United Kingdom, Thailand, Australia, Germany, China, Singapore, Puerto Rico, Chile, and Ireland. As of June 15, 2007, the company operated approximately 12,000 retail stores. Starbucks was founded in 1985 and is based in Seattle, Washington. Lease Summary: Term: 20 years (non-cancelable) Rent: $75,000 Excess CAM Income: $2,013 Escalations: 10% every 5 years Rent Commencement: 10/2/2007 Expiration Date: 10/31/2027 Options: 4 (5) year with 10% escalations every 5 years Lease Type: This is an absolute triple net ground lease. The tenant constructed and paid for the building. Upon lease expiration, ownership of the building reverts to the owner of the land. Landlord has absolutely no maintenance, repair or replacement responsibility for the building or land, such responsibility being solely that of the tenant. Tenant pays a monthly charge of $200 directly to the Landlord for common element maintenance (roadways) of which $32 is paid to the owner of the shopping center by Landlord. This leaves the Landlord with $2,013 of additional yearly income. Both charges shall increase by 10% every 5 years.

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This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

For more information, contact:Robert James, Managing Director

280 Park Avenue, 11th Floor, New York, NY 10017 [email protected]

Phone 212-972-7457 Fax 212-972-7496www.kimcoexchangeplace.com

Investment Opportunity

Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.

New 20 Year Starbucks Ground Lease10% Escalation Every 5 years

At Shoppes At Mt. Carmel (SR 60)Anchored by Lowes

SR 60 & Mt. Carmel Rd., Brandon (Tampa) FLProperty Summary: This ground leased fee interest consists of .46 acres on which the tenant constructed a 1,816 sfbuilding. This property is a pad site to the newly developed Shoppes At Mt. Carmel, a Lowes anchored shopping center. Located across the street is a Wal Mart Supercenter and Home Depot. The property is located on SR 60 with traffic counts of approximately 46,000 vpd. Other tenants in the area include Publix, Winn Dixie and Bealls, among others. Estimated 2007 population of Brandon within a 5 mile radius is 168,000, with an average household income of $68,000. Population has increased 6.5% annually since 1990 and is expected to grow 3.3% annually from 2007 to 2012, within a 1 mile radius. Brandon has become a community of young, well-to-do professionals, many of whom commute to Tampa. The median age of the Brandon population is 35.5 years and 45% of the population over 25 years of age have had some college education or a college degree.

Price and Cap: We offer this property at $1,262,508 which is a 6.1% cap rate on NOI of $77,013. NOI is comprised of base rent of $75,000 plus $2,013 (detailed below). In addition to Starbucks; the Chili’s and Panda Express ground leases are for sale at this center. Individual marketing packages can be found at www.kimco1031.com

Tenant: Starbucks Corp. (NYSE: SBUX): Starbucks Corporation engages in the purchase, roasting, and sale of whole bean coffees worldwide. The company offers brewed coffees, espresso beverages, cold blended beverages, various complementary food items, coffee-related accessories and equipment, a selection of premium teas, and a line of compact discs through its retail stores. It also sells coffee and tea products; and licenses its trademark for retail store operations, and grocery and warehouse club stores, as well as to produce and distribute its branded products. In addition, Starbucks produces and sells ready-to-drink beverages, which include bottled coffee drinks, espresso drinks, and a line of ice creams. The company's brand portfolio includes superpremium Tazo teas, Starbucks Hear Music compact discs, Seattle's Best Coffee, and Torrefazione Italia coffee. It operates retail stores primarily in the United States, Canada, the United Kingdom, Thailand, Australia, Germany, China, Singapore, Puerto Rico, Chile, and Ireland. As of June 15, 2007, the company operated approximately 12,000 retail stores. Starbucks was founded in 1985 and is based in Seattle, Washington.

Lease Summary: Term: 20 years (non-cancelable) Rent: $75,000 Excess CAM Income: $2,013Escalations: 10% every 5 yearsRent Commencement: 10/2/2007Expiration Date: 10/31/2027Options: 4 (5) year with 10% escalations every 5 years

Lease Type: This is an absolute triple net ground lease. The tenant constructed and paid for the building. Upon lease expiration, ownership of the building reverts to the owner of the land. Landlord has absolutely no maintenance, repair or replacement responsibility for the building or land, such responsibility being solely that of the tenant. Tenant pays a monthly charge of $200 directly to the Landlord for common element maintenance (roadways) of which $32 is paid to the owner of the shopping center by Landlord. This leaves the Landlord with $2,013 of additional yearly income. Both charges shall increase by 10% every 5 years.

Property Summary: This ground leased fee interest consists of .46 acres on which the tenant constructed a 1,816 sfbuilding. This property is a pad site to the newly developed Shoppes At Mt. Carmel, a Lowes anchored shopping center. Located across the street is a Wal Mart Supercenter and Home Depot. The property is located on SR 60 with traffic counts of approximately 46,000 vpd. Other tenants in the area include Publix, Winn Dixie and Bealls, among others. Estimated 2007 population of Brandon within a 5 mile radius is 168,000, with an average household income of $68,000. Population has increased 6.5% annually since 1990 and is expected to grow 3.3% annually from 2007 to 2012, within a 1 mile radius. Brandon has become a community of young, well-to-do professionals, many of whom commute to Tampa. The median age of the Brandon population is 35.5 years and 45% of the population over 25 years of age have had some college education or a college degree.

Price and Cap: We offer this property at $1,262,508 which is a 6.1% cap rate on NOI of $77,013. NOI is comprised of base rent of $75,000 plus $2,013 (detailed below). In addition to Starbucks; the Chili’s and Panda Express ground leases are for sale at this center. Individual marketing packages can be found at www.kimco1031.com

Tenant: Starbucks Corp. (NYSE: SBUX): Starbucks Corporation engages in the purchase, roasting, and sale of whole bean coffees worldwide. The company offers brewed coffees, espresso beverages, cold blended beverages, various complementary food items, coffee-related accessories and equipment, a selection of premium teas, and a line of compact discs through its retail stores. It also sells coffee and tea products; and licenses its trademark for retail store operations, and grocery and warehouse club stores, as well as to produce and distribute its branded products. In addition, Starbucks produces and sells ready-to-drink beverages, which include bottled coffee drinks, espresso drinks, and a line of ice creams. The company's brand portfolio includes superpremium Tazo teas, Starbucks Hear Music compact discs, Seattle's Best Coffee, and Torrefazione Italia coffee. It operates retail stores primarily in the United States, Canada, the United Kingdom, Thailand, Australia, Germany, China, Singapore, Puerto Rico, Chile, and Ireland. As of June 15, 2007, the company operated approximately 12,000 retail stores. Starbucks was founded in 1985 and is based in Seattle, Washington.

Lease Summary: Term: 20 years (non-cancelable) Rent: $75,000 Excess CAM Income: $2,013Escalations: 10% every 5 yearsRent Commencement: 10/2/2007Expiration Date: 10/31/2027Options: 4 (5) year with 10% escalations every 5 years

Lease Type: This is an absolute triple net ground lease. The tenant constructed and paid for the building. Upon lease expiration, ownership of the building reverts to the owner of the land. Landlord has absolutely no maintenance, repair or replacement responsibility for the building or land, such responsibility being solely that of the tenant. Tenant pays a monthly charge of $200 directly to the Landlord for common element maintenance (roadways) of which $32 is paid to the owner of the shopping center by Landlord. This leaves the Landlord with $2,013 of additional yearly income. Both charges shall increase by 10% every 5 years.

This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

For more information, contact:Robert James, Managing Director

280 Park Avenue, 11th Floor, New York, NY 10017 [email protected]

Phone 212-972-7457 Fax 212-972-7496www.kimcoexchangeplace.com

Investment Opportunity

Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.

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5/8/07State Road 60East Brandon Blvd.

70'1169sf1400sf1600sf1200sf2200sf

2400sf

7-11Not Included

Not Included

PandaExpress

ABCLiquors

Nail Salon

Planet BeachBig League HaircutsMoe's

This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

For more information, contact:Robert James, Managing Director

280 Park Avenue, 11th Floor, New York, NY 10017 [email protected]

Phone 212-972-7457 Fax 212-972-7496www.kimcoexchangeplace.com

Investment Opportunity

Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.

Auto Dealership

This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

For more information, contact:Robert James, Managing Director

280 Park Avenue, 11th Floor, New York, NY 10017 [email protected]

Phone 212-972-7457 Fax 212-972-7496www.kimcoexchangeplace.com

Investment Opportunity

Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.

Wal Mart Supercenter & Home Depot Located Across The Street

Chick-Fil-A

Wendy’s

Wal MartGas

Strip Center

This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

For more information, contact:Robert James, Managing Director

280 Park Avenue, 11th Floor, New York, NY 10017 [email protected]

Phone 212-972-7457 Fax 212-972-7496www.kimcoexchangeplace.com

Investment Opportunity

Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.

This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

For more information, contact:Robert James, Managing Director

280 Park Avenue, 11th Floor, New York, NY 10017 [email protected]

Phone 212-972-7457 Fax 212-972-7496www.kimcoexchangeplace.com

Investment Opportunity

Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.

Traffic Counts

This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

For more information, contact:Robert James, Managing Director

280 Park Avenue, 11th Floor, New York, NY 10017 [email protected]

Phone 212-972-7457 Fax 212-972-7496www.kimcoexchangeplace.com

Investment Opportunity

Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.

30 Minute Drive Time

This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

For more information, contact:Robert James, Managing Director

280 Park Avenue, 11th Floor, New York, NY 10017 [email protected]

Phone 212-972-7457 Fax 212-972-7496www.kimcoexchangeplace.com

Investment Opportunity

Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.

1,2,3 Mile Rings

This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

For more information, contact:Robert James, Managing Director

280 Park Avenue, 11th Floor, New York, NY 10017 [email protected]

Phone 212-972-7457 Fax 212-972-7496www.kimcoexchangeplace.com

Investment Opportunity

Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.

DEMOGRAPHIC PROFILE2000 Census, 2007 Estimates & 2012 ProjectionsCalculated using Proportional Block Groups

Nov-07

1.00 mi radius 3.00 mi radius 5.00 mi radius

2007 Estimated Population 12,612 75,838 168,7452012 Projected Population 14,711 85,270 191,0232000 Census Population 9,448 62,415 137,5921990 Census Population 5,992 49,851 102,894Historical Annual Growth 1990 to 2007 6.5% 3.1% 3.8%Projected Annual Growth 2007 to 2012 3.3% 2.5% 2.6%

2007 Est. Households 4,698 28,272 62,020 2012 Est. Households 5,500 31,851 70,675 2000 Census Households 3,475 23,046 49,651 1990 Census Households 2,236 17,724 35,993 Historical Annual Growth 1990 to 2007 6.5% 3.5% 4.3%Projected Annual Growth 2007 to 2012 3.4% 2.5% 2.8%

2007 Population 0 to 9 Years 15.2% 13.8% 14.5%2007 Population 10 to 19 Years 14.4% 14.5% 15.5%2007 Population 20 to 24 Years 4.9% 5.3% 5.8%2007 Population 25 to 44 Years 28.1% 27.2% 28.4%2007 Population 45 to 59 Years 19.7% 22.3% 21.8%2007 Population 60 to 74 Years 12.5% 12.0% 10.3%2007 Population 75 Years Plus 5.3% 4.8% 3.8%2007 Est. Median Age 36.7 37.4 35.5

2007 Male Population 48.7% 48.9% 49.5%2007 Female Population 51.3% 51.1% 50.5%Married Base (15yrs+) 9,761 59,788 130,570Never Married 17.9% 19.8% 21.7%Now Married 62.9% 61.4% 59.9%Separated, Divorced or Widowed 19.2% 18.8% 18.4%Households with Kids 35.9% 34.1% 36.2%Average Household Size 2.7 2.7 2.7

2007 Est. HH Income $200,000 or More 1.9% 2.6% 3.2%2007 Est. HH Income $150,000 to 199,999 3.1% 3.5% 4.4%2007 Est. HH Income $100,000 to 149,999 12.3% 14.5% 15.0%2007 Est. HH Income $75,000 to 99,999 16.3% 17.5% 16.8%2007 Est. HH Income $50,000 to 74,999 24.9% 24.3% 23.5%2007 Est. HH Income $35,000 to 49,999 17.6% 14.7% 14.5%2007 Est. HH Income $25,000 to 34,999 8.8% 9.8% 9.5%2007 Est. HH Income $15,000 to 24,999 7.7% 7.3% 6.9%2007 Est. HH Income $0 to 14,999 7.3% 5.9% 6.3%2007 Est. Average Household Income $59,359 $65,121 $67,986 2007 Est. Median Household Income $58,151 $62,526 $64,830 2007 Est. Per Capita Income $22,110 $24,644 $25,332

Number of Businesses 292 2,484 4,829Total Number of Employees 3,475 22,072 53,332

2007 Estimated Population 12,612 75,838 168,745 2007 Est. White Population 79.3% 82.6% 81.9%2007 Est. Black or African American 11.4% 9.2% 9.7%2007 Est. American Indian & Alaska Native 0.4% 0.5% 0.5%2007 Est. Asian & Pacific Islander 4.0% 3.1% 3.0%2007 Est. Two or more and Other Races 4.8% 4.7% 4.9%

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