Restaurant
Starbucks
Broadway Ave, Oakwood, OH 44146
Listing Price: $2,698,412
Investment Overview
Newly Built Starbucks 10-Year Lease in Oakwood Village, OH (Cleveland MSA). High-Quality Construction & Latest Prototype: 1,662 SF, Masonry & Composite Exterior, Outdoor Seating Area, Long Drive-Thru Queue. Outparcel to 2019-Built Hampton Inn & Suites and within Immediate Proximity of McDonald’s and Quality Inn & Suites. Directly Across from Regional Shopping Center Sam’s Club with Additional Tenants Including Levin Furniture, Ollie’s Bargain Outlet, The Tile Shop, Wendy’s, and More. Highway-Exit Site – Just 0.2-Mile South of I-271 Exit Ramps; I-271 Sees 115,300 VPD. “Going to Work” Side of Broadway Avenue with 10,000 VPD. Daily Commuter Route Providing Nearest Highway
Access to Many Residents of Oakwood, Twinsburg, Macedonia, and Glenwillow.
Starbucks
Investment Highlights
- Newly Built Starbucks 10-Year Lease in Oakwood Village, OH (Cleveland MSA)
- Tenant Completing its Built-Out with Rent Commencement Estimated April 15th, 2025
- Firm 10-Year Term with No Early Termination Right and No Real Estate Tax Protection Clauses
- 10 Percent Rent Increases Every 5 Years of Initial Term & Four, Five-Year Options
- Double-Net Lease with 20-Year Transferrable Roof Warranty Extending into 2045
- "Starbucks Corporation" Lessee Entity – Publicly- Traded (NYSE: SBUX) #1 Global Coffee Chain with $131 Billion Market Cap & Investment-Grade S&P "BBB+" Credit
- Outparcel to 2019-Built Hampton Inn & Suites and within Immediate Proximity of McDonald's and Quality Inn & Suites
- Low-Cost Perpetual REA Provides Excellent Access and Substantial Additional Parking, Greatly Increasing Long-Term Underlying Value of Oversized 1.2-Acre Site
Listing Price: $2,698,412
Investment Highlights
- Newly Built Starbucks 10-Year Lease in Oakwood Village, OH (Cleveland MSA)
- Tenant Completing its Built-Out with Rent Commencement Estimated April 15th, 2025
- Firm 10-Year Term with No Early Termination Right and No Real Estate Tax Protection Clauses
- 10 Percent Rent Increases Every 5 Years of Initial Term & Four, Five-Year Options
- Double-Net Lease with 20-Year Transferrable Roof Warranty Extending into 2045
- "Starbucks Corporation" Lessee Entity – Publicly- Traded (NYSE: SBUX) #1 Global Coffee Chain with $131 Billion Market Cap & Investment-Grade S&P "BBB+" Credit
- Outparcel to 2019-Built Hampton Inn & Suites and within Immediate Proximity of McDonald's and Quality Inn & Suites
- Low-Cost Perpetual REA Provides Excellent Access and Substantial Additional Parking, Greatly Increasing Long-Term Underlying Value of Oversized 1.2-Acre Site
Investment Overview
Newly Built Starbucks 10-Year Lease in Oakwood Village, OH (Cleveland MSA). High-Quality Construction & Latest Prototype: 1,662 SF, Masonry & Composite Exterior, Outdoor Seating Area, Long Drive-Thru Queue. Outparcel to 2019-Built Hampton Inn & Suites and within Immediate Proximity of McDonald’s and Quality Inn & Suites. Directly Across from Regional Shopping Center Sam’s Club with Additional Tenants Including Levin Furniture, Ollie’s Bargain Outlet, The Tile Shop, Wendy’s, and More. Highway-Exit Site – Just 0.2-Mile South of I-271 Exit Ramps; I-271 Sees 115,300 VPD. “Going to Work” Side of Broadway Avenue with 10,000 VPD. Daily Commuter Route Providing Nearest Highway Access to Many Residents of Oakwood, Twinsburg, Macedonia, and Glenwillow.
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