Restaurant
Starbucks | Drive-thru Only | Satellite to #1 SBUX in Ohio
183 W Ohio Ave, Dover, OH 44622
Listing Price: $2,280,000
Cap Rate
5.70%
Tenant Name
Starbucks
Years Remaining On Lease
9.6
Gross SF
930
Guarantor
Corporate Guarantee
Rentable SF
930
Price/Gross SF
$2,451.61
Lease Type
Double Net
Rent Per Square Feet
$139.78
Investment Overview
Marcus & Millichap is pleased to bring to market a newly constructed Starbucks Drive-Thru Only store in Dover, Ohio. Starbucks is being offered for $2,280,000.
Starbucks | Drive-thru Only | Satellite to #1 SBUX in Ohio
Investment Highlights
- Brand New Construction Starbucks Drive-Thru Only Store with 9.75 Years Remaining in Dover, Ohio
- Double-Net Lease with Minimal Landlord Responsibilities
- Drive-Thru Only Store, Opened in June 2023 – No Dining Room; Latest Prototype and Future of Quick Service Restaurant Coffee Retail
- Developed as Second SBUX in Market to Relieve Traffic at Only Other Existing SBUX Location in Market (Five Miles South) Which is the #1-Ranked Starbucks in Ohio (183 Stores, Source: Placer.ai)
- Highway-Exit Location: Just One Quarter-Mile from I-77 Exit Ramps (39,266 Vehicles per Day)
- Virtually No Competition, Next Nearest National Coffee Chain is the Other Starbucks In-Market
- Strong Verbal Sales Report – Contact Broker for Details; Constructed by Same Developer of First Starbucks In-Market
- Outparcel to Buehler's Grocery Store (Regional, 14 Locations) and Amongst Pocket of Significant Recent Development Incl. Cleveland Clinic, First Federal Community Bank, Novogradac, and Upscale Housing
Restaurant
Starbucks | Drive-thru Only | Satellite to #1 SBUX in Ohio
Listing Price: $2,280,000
Cap Rate
5.70%
Tenant Name
Starbucks
Years Remaining On Lease
9.6
Gross SF
930
Guarantor
Corporate Guarantee
Rentable SF
930
Price/Gross SF
$2,451.61
Lease Type
Double Net
Rent Per Square Feet
$139.78
Investment Highlights
- Brand New Construction Starbucks Drive-Thru Only Store with 9.75 Years Remaining in Dover, Ohio
- Double-Net Lease with Minimal Landlord Responsibilities
- Drive-Thru Only Store, Opened in June 2023 – No Dining Room; Latest Prototype and Future of Quick Service Restaurant Coffee Retail
- Developed as Second SBUX in Market to Relieve Traffic at Only Other Existing SBUX Location in Market (Five Miles South) Which is the #1-Ranked Starbucks in Ohio (183 Stores, Source: Placer.ai)
- Highway-Exit Location: Just One Quarter-Mile from I-77 Exit Ramps (39,266 Vehicles per Day)
- Virtually No Competition, Next Nearest National Coffee Chain is the Other Starbucks In-Market
- Strong Verbal Sales Report – Contact Broker for Details; Constructed by Same Developer of First Starbucks In-Market
- Outparcel to Buehler's Grocery Store (Regional, 14 Locations) and Amongst Pocket of Significant Recent Development Incl. Cleveland Clinic, First Federal Community Bank, Novogradac, and Upscale Housing
Investment Overview
Marcus & Millichap is pleased to bring to market a newly constructed Starbucks Drive-Thru Only store in Dover, Ohio. Starbucks is being offered for $2,280,000.
