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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.

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

Exclusively Listed By

Financing By

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.

Exclusively Listed By

Financing By

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