Skip to main content

Restaurant

Starbucks

2760 Stelzer Rd, Columbus, OH 43219

Listing Price: $3,025,000

Cap Rate
4.75%
Tenant Name
Starbucks
Years Remaining On Lease
10.5
Guarantor
Corporate Guarantee
Rentable SF
2,300
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$62.47

Investment Overview

Marcus & Millichap is pleased to present 2760 Stelzer Road, Columbus, Ohio - a brand new single tenant Starbucks on a huge 1.08 acre lot with a 10-year lease and 10 percent increases every five years. Construction is expected to be completed in August 2022 and the 10-year lease begins on rent commencement and there are 4–5year renewal options. Situated on the hard corner of Stelzer Road and McCutchen Road, Starbucks is an outparcel to a very busy 120,000 square foot Giant Eagle anchored retail center with other notable tenants in the center and immediate area that include CVS, Speedway, Ups, Sonic Drive-In, Costco, Trader Joe’s, Whole Foods, Chick-Fil-A, Lowe’s Home Improvement, Target, Kroger, RH Gallery, Hilton, Courtyard by Marriott and many more. Starbucks is located just north of John Glenn Columbus International Airport and approximately 15 minutes east of Downtown Columbus and two minutes south of Easton that was once dubbed “Rodeo Drive of the Midwest” by USA today. M/I recently developed 230 single family homes and 123 townhomes adjacent to the property and within three miles there is over six million square feet of Class A office and retail space, one million square feet of warehouse space and over 1,000 hotel rooms. The Columbus metro consists of eight Counties: Delaware, Licking, Fairfield, Pickaway, Union, Morrow and Madison and is comprised of nearly two-million people. Columbus has the largest population of approximately 825,000 residents and is home to the main campus of Ohio State University which is one of the largest University’s in the United States with an enrollment exceeding 66,000 students. Additionally, the Columbus MSA is home to four Fortune 500 Companies: L Brands, American Electric Power, Nationwide Insurance and Cardinal Health.

Investment Highlights

  • Hard corner as an outparcel to a 120,000 sf Giant Eagle anchored retail center
  • High barrier of entry marketplace
  • Brand new corporate state of the art guaranteed Starbucks with a 10 year lease

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Listing Price: $3,025,000

Cap Rate
4.75%
Tenant Name
Starbucks
Years Remaining On Lease
10.5
Guarantor
Corporate Guarantee
Rentable SF
2,300
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$62.47

Investment Highlights

  • Hard corner as an outparcel to a 120,000 sf Giant Eagle anchored retail center
  • High barrier of entry marketplace
  • Brand new corporate state of the art guaranteed Starbucks with a 10 year lease

Investment Overview

Marcus & Millichap is pleased to present 2760 Stelzer Road, Columbus, Ohio - a brand new single tenant Starbucks on a huge 1.08 acre lot with a 10-year lease and 10 percent increases every five years. Construction is expected to be completed in August 2022 and the 10-year lease begins on rent commencement and there are 4–5year renewal options. Situated on the hard corner of Stelzer Road and McCutchen Road, Starbucks is an outparcel to a very busy 120,000 square foot Giant Eagle anchored retail center with other notable tenants in the center and immediate area that include CVS, Speedway, Ups, Sonic Drive-In, Costco, Trader Joe’s, Whole Foods, Chick-Fil-A, Lowe’s Home Improvement, Target, Kroger, RH Gallery, Hilton, Courtyard by Marriott and many more. Starbucks is located just north of John Glenn Columbus International Airport and approximately 15 minutes east of Downtown Columbus and two minutes south of Easton that was once dubbed “Rodeo Drive of the Midwest” by USA today. M/I recently developed 230 single family homes and 123 townhomes adjacent to the property and within three miles there is over six million square feet of Class A office and retail space, one million square feet of warehouse space and over 1,000 hotel rooms. The Columbus metro consists of eight Counties: Delaware, Licking, Fairfield, Pickaway, Union, Morrow and Madison and is comprised of nearly two-million people. Columbus has the largest population of approximately 825,000 residents and is home to the main campus of Ohio State University which is one of the largest University’s in the United States with an enrollment exceeding 66,000 students. Additionally, the Columbus MSA is home to four Fortune 500 Companies: L Brands, American Electric Power, Nationwide Insurance and Cardinal Health.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

MM Texture Background
MM Textured Background Lower