Starbucks - Build to Suit

Miami, FL

$ 0 M USD
Project Budget
0 Year
NN Lease

Delivery in Q1 2024

business plan & results

Prime development site located in the urban core of Miami, FL. Arena Capital successfully negotiated a brand new 15 year lease with Starbucks. Construction expected to commence in Q3 2023. 

site & Project

The Oberweis Dairy portfolio consists of 6, well located and highly visible, Oberweis dairy restaurants with Drive Thru Service. Prior to acquiring the properties, GRP negotiated brand new 20 year absolute NNN leases, which were executed at closing. Each property is situated in dense and affluent submarkets within the greater Chicago MSA. The leases provide GRP with 10% rent increases every 5 years. 

Tenant Overview

Founded in 1927, Oberweis Dairy began as a milk home delivery service and has since transformed over the last 95 years into a diversified, household brand providing premium quality products to its loyal customer base throughout Illinois, the Midwest and Eastern Seaboard. Oberweis operations are now comprised of its classic dairy home delivery service, dairy and ice cream retail locations,wholesale distribution into grocery stores,and most recently its newest fast-casual restaurant concepts: That Burger Joint and Woodgrain Neapolitan Pizzeria. Today, the business remains owned and operated by the founding Oberweis family. In 2007, Joe Oberweis became the fourth generation of the family to lead the Company, and Joe continues to lead and evolve the business today as CEO.

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