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Restaurant

Starbucks w/ Drive-Thru | Near Columbus | 12 Year Lease | Brand New 2024 High Quality Construction

1826 E US Hwy 36, Urbana (Outside Columbus), OH 43078

Listing Price: $2,653,543

Cap Rate
6.35%
Tenant Name
Starbucks
Years Remaining On Lease
12.5
Gross SF
2,540
Guarantor
Corporate Guarantee
Rentable SF
2,540
Price/Gross SF
$1,044.70
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$66.34

Investment Overview

Urbana is a city in and the county seat of Champaign County, Ohio, about 34 miles northeast of Dayton and 41 miles west of Columbus. Several companies have facilities in Urbana, including Rittal, Honeywell Aerospace, Honeywell Inc., Control Industries, Freshwater Farms, Bolder & Co Creative Studio. A variety of services are located in buildings around the Urbana Monument Square Historic District, which is listed on the National Register of Historic Places. Businesses in the square include banks, accounting, fine dining, bars, and personal care. The Champaign County Farmers Market is held weekly in downtown Urbana. In a contest sponsored by the American Farmland Trust, the market was voted as one of America’s four favorite farmers’ markets. Urbana is also home to the annual Simon Kenton Chili Cook-Off that takes place downtown in the monument square.

Investment Highlights

  • 12 Year Starbucks Featuring 7.5% Rental Increases at Year 8 and at Each Option. Brand New 2024 High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Retail & Traffic Corridor: Features Easy Access & Excellent Visibility at a Hard Corner with Daily Traffic Counts Exceeding 17k Vehicles.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $35.97 Billion.
  • Walking Distance from Mercy Health Urbana Hospital - the Hospital is Dedicated to the Healthcare needs of the Residents of Urbana and Champaign County.
  • W/in Urbana Commons Retail Center (1.5M Annual Visitors) - Pad to Walmart Supercenter and Near Numerous other National Retailers including Tractor Supply Co, ALDI, Kroger, CVS Pharmacy and many more.
  • Adjacent to Dugan Place - a future Residential Development consisting of 192 Apartment Units, 114 Townhome Units, 75 Condo Units, and 132 Single-Family Homes.
  • Situated in the Immediate Vicinity of the Champaign County Fairgrounds, a Hub for Community Events and Festivals, the Property has the Potential to draw more Customers to nearby Businesses.
  • Site is located along US Highway-36, which acts as the Main Road in and out of the City of Urbana and an East–West Highway that runs Across the Central Portion of the State.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Restaurant

Starbucks w/ Drive-Thru | Near Columbus | 12 Year Lease | Brand New 2024 High Quality Construction

Listing Price: $2,653,543

Cap Rate
6.35%
Tenant Name
Starbucks
Years Remaining On Lease
12.5
Gross SF
2,540
Guarantor
Corporate Guarantee
Rentable SF
2,540
Price/Gross SF
$1,044.70
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$66.34

Investment Highlights

  • 12 Year Starbucks Featuring 7.5% Rental Increases at Year 8 and at Each Option. Brand New 2024 High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Retail & Traffic Corridor: Features Easy Access & Excellent Visibility at a Hard Corner with Daily Traffic Counts Exceeding 17k Vehicles.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $35.97 Billion.
  • Walking Distance from Mercy Health Urbana Hospital - the Hospital is Dedicated to the Healthcare needs of the Residents of Urbana and Champaign County.
  • W/in Urbana Commons Retail Center (1.5M Annual Visitors) - Pad to Walmart Supercenter and Near Numerous other National Retailers including Tractor Supply Co, ALDI, Kroger, CVS Pharmacy and many more.
  • Adjacent to Dugan Place - a future Residential Development consisting of 192 Apartment Units, 114 Townhome Units, 75 Condo Units, and 132 Single-Family Homes.
  • Situated in the Immediate Vicinity of the Champaign County Fairgrounds, a Hub for Community Events and Festivals, the Property has the Potential to draw more Customers to nearby Businesses.
  • Site is located along US Highway-36, which acts as the Main Road in and out of the City of Urbana and an East–West Highway that runs Across the Central Portion of the State.

Investment Overview

Urbana is a city in and the county seat of Champaign County, Ohio, about 34 miles northeast of Dayton and 41 miles west of Columbus. Several companies have facilities in Urbana, including Rittal, Honeywell Aerospace, Honeywell Inc., Control Industries, Freshwater Farms, Bolder & Co Creative Studio. A variety of services are located in buildings around the Urbana Monument Square Historic District, which is listed on the National Register of Historic Places. Businesses in the square include banks, accounting, fine dining, bars, and personal care. The Champaign County Farmers Market is held weekly in downtown Urbana. In a contest sponsored by the American Farmland Trust, the market was voted as one of America’s four favorite farmers’ markets. Urbana is also home to the annual Simon Kenton Chili Cook-Off that takes place downtown in the monument square.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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