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Restaurant

Starbucks

1641 S Court Street, , Circleville, OH 43113

Listing Price: $2,128,000

Cap Rate
5.35%
Tenant Name
Starbucks
Years Remaining On Lease
9.6
Gross SF
2,300
Guarantor
Corporate Guarantee
Rentable SF
2,300
Price/Gross SF
$925.22
Lease Type
Double Net
Rent Per Square Feet
$49.50

Investment Overview

Marcus & Millichap is pleased to present 1641 South Court Street- a brand new single tenant Starbucks on a huge 1.6 acre lot with a 10-year lease and 10 percent rent increases every five years. Construction was completed in late 2020 and the lease expires February 28,2031 with four and five year renewal options. Situated at the signalized hard corner Walnut Street (US-23) and E. Circle Lane, Starbucks is on the main retail corridor of Circleville, Ohio and in the immediate vicinity of notable national recognized operators such as Walmart, Aldi, Tractor Supply, Chipotle, Wendy’s, KFC, Hampton Inn, Holiday Inn Express, Ford, Dollar Tree, … and many more. Circleville, Ohio is located in Pickaway County approximately 25 miles South of Columbus and is known for the annual Circleville Pumpkin Show which has been held every October since 1945 and draws in excess of 400,000 visitors annually. The Columbus metro consists of eight Counties: Delaware, Licking, Fairfield, Pickaway, Union, Morrow and Madison and is comprised of nearly two-million people. Columbus has the largest population of approximately 825,000 residents and is home to the main campus of Ohio State University which is one of the largest University’s in the United States with an enrollment exceeding 66,000 students. Additionally, the Columbus MSA is home to four Fortune 500 Companies: L Brands, American Electric Power, Nationwide Insurance and Cardinal Health.

Investment Highlights

  • Brand New Construction with a 10-Year Lease Expiring in 2031
  • 10 Percent Rent Increases Every Five Years
  • HUGE 1.6-Acre Lot

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Listing Price: $2,128,000

Cap Rate
5.35%
Tenant Name
Starbucks
Years Remaining On Lease
9.6
Gross SF
2,300
Guarantor
Corporate Guarantee
Rentable SF
2,300
Price/Gross SF
$925.22
Lease Type
Double Net
Rent Per Square Feet
$49.50

Investment Highlights

  • Brand New Construction with a 10-Year Lease Expiring in 2031
  • 10 Percent Rent Increases Every Five Years
  • HUGE 1.6-Acre Lot

Investment Overview

Marcus & Millichap is pleased to present 1641 South Court Street- a brand new single tenant Starbucks on a huge 1.6 acre lot with a 10-year lease and 10 percent rent increases every five years. Construction was completed in late 2020 and the lease expires February 28,2031 with four and five year renewal options. Situated at the signalized hard corner Walnut Street (US-23) and E. Circle Lane, Starbucks is on the main retail corridor of Circleville, Ohio and in the immediate vicinity of notable national recognized operators such as Walmart, Aldi, Tractor Supply, Chipotle, Wendy’s, KFC, Hampton Inn, Holiday Inn Express, Ford, Dollar Tree, … and many more. Circleville, Ohio is located in Pickaway County approximately 25 miles South of Columbus and is known for the annual Circleville Pumpkin Show which has been held every October since 1945 and draws in excess of 400,000 visitors annually. The Columbus metro consists of eight Counties: Delaware, Licking, Fairfield, Pickaway, Union, Morrow and Madison and is comprised of nearly two-million people. Columbus has the largest population of approximately 825,000 residents and is home to the main campus of Ohio State University which is one of the largest University’s in the United States with an enrollment exceeding 66,000 students. Additionally, the Columbus MSA is home to four Fortune 500 Companies: L Brands, American Electric Power, Nationwide Insurance and Cardinal Health.

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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