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Restaurant

Brand New Starbucks w/ Drive-Thru | Ohio | Hard Corner | Near University & Community College

2120 Harding Hwy, Lima, OH 45804

Listing Price: $2,738,476

Cap Rate
5.25%
Tenant Name
Starbucks
Years Remaining On Lease
9.4
Gross SF
2,300
Guarantor
Corporate Guarantee
Rentable SF
2,300
Price/Gross SF
$1,190.64
Lease Type
Double Net
Rent Per Square Feet
$62.51

Investment Overview

Lima is a city in and the county seat of Allen County, Ohio, located in northwest Ohio along Interstate 75 approximately 72 miles north of Dayton, 78 miles southwest of Toledo, and 63 mi southeast of Fort Wayne, Indiana. Lima has 7 High Schools and includes universities such as James A . Rhodes State College, The Ohio State University, and The University of Northwestern Ohio. It is home to the Lima Warriors, a semi -pro American Football team that plays in the Ohio Football League as well as various high school sports programs. The Ottawa River flows through the city as well as 400 acres of land used for Parks and Recreation. Lima also pays a great respect to art with the ArtSpace Gallery that is there to promote the arts to the citizens of West Central Ohio through excellence in exhibitions, education, and community events.

Investment Highlights

  • Brand New Construction w/ Drive-Thru - New 10 Year Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. No Early Termination Right.
  • This Location also Features a Fifth Third Bank Drive-Thru ATM.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility at a Signalized Hard Corner with Daily Traffic Counts Exceeding 29k Vehicles. Near I-75 (41k+ VPD).
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #114 on the Fortune 500 List with an Annual Revenue of more than $26.5 Billion.
  • Near Numerous National Retailers Including a Walmart Supercenter, Sam's Club, Walgreens, ALDI, Tractor Supply, Big Lots, Harbor Freight Tools, Save-A-Lot, Rite Aid and many more.
  • Minutes from Ohio State University at Lima - A Regional Campus Offering 140 Courses and Numerous Bachelor Programs. The University also shares the Campus with James A. Rhodes State College.
  • In Close Proximity to Lima Memorial Hospital - A 329-Bed Health Care Facility and Medical Center with currently more than 1,500 Physicians Employed and Offering Medical Services in its 25 Medical Facilities.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Restaurant

Brand New Starbucks w/ Drive-Thru | Ohio | Hard Corner | Near University & Community College

Listing Price: $2,738,476

Cap Rate
5.25%
Tenant Name
Starbucks
Years Remaining On Lease
9.4
Gross SF
2,300
Guarantor
Corporate Guarantee
Rentable SF
2,300
Price/Gross SF
$1,190.64
Lease Type
Double Net
Rent Per Square Feet
$62.51

Investment Highlights

  • Brand New Construction w/ Drive-Thru - New 10 Year Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. No Early Termination Right.
  • This Location also Features a Fifth Third Bank Drive-Thru ATM.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility at a Signalized Hard Corner with Daily Traffic Counts Exceeding 29k Vehicles. Near I-75 (41k+ VPD).
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #114 on the Fortune 500 List with an Annual Revenue of more than $26.5 Billion.
  • Near Numerous National Retailers Including a Walmart Supercenter, Sam's Club, Walgreens, ALDI, Tractor Supply, Big Lots, Harbor Freight Tools, Save-A-Lot, Rite Aid and many more.
  • Minutes from Ohio State University at Lima - A Regional Campus Offering 140 Courses and Numerous Bachelor Programs. The University also shares the Campus with James A. Rhodes State College.
  • In Close Proximity to Lima Memorial Hospital - A 329-Bed Health Care Facility and Medical Center with currently more than 1,500 Physicians Employed and Offering Medical Services in its 25 Medical Facilities.

Investment Overview

Lima is a city in and the county seat of Allen County, Ohio, located in northwest Ohio along Interstate 75 approximately 72 miles north of Dayton, 78 miles southwest of Toledo, and 63 mi southeast of Fort Wayne, Indiana. Lima has 7 High Schools and includes universities such as James A . Rhodes State College, The Ohio State University, and The University of Northwestern Ohio. It is home to the Lima Warriors, a semi -pro American Football team that plays in the Ohio Football League as well as various high school sports programs. The Ottawa River flows through the city as well as 400 acres of land used for Parks and Recreation. Lima also pays a great respect to art with the ArtSpace Gallery that is there to promote the arts to the citizens of West Central Ohio through excellence in exhibitions, education, and community events.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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