Skip to main content

Restaurant

2021 Construction Starbucks

939 Coshocton Ave, Mount Vernon, OH 43050

Listing Price: $2,400,000

Cap Rate
5.35%
Tenant Name
Starbucks
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
2,495
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$51.50

Investment Overview

Marcus & Millichap is pleased to present for sale a 2021 construction Starbucks in Mount Vernon, Ohio, just northeast of Central Columbus. The property sits on a generous 1.002 acre lot under a new 10-year corporate triple-net lease with zero termination clauses and an additional five five-year options with 10 percent rental bumps in each period.

Investment Highlights

  • 10-Year Corporate Guarantee Starbucks Lease with 10 Percent Increases Every Five Years, No Early Termination Clause
  • Investment Grade Credit Tenant Rated BBB+ by S&P
  • Ranked #114 on the Fortune 500, Annual Revenue Exceeds $26.5 Billion
  • 2021 Construction Starbucks with Drive-Thru, Limited Landlord Responsibilities
  • 70 Percent -80 Percent of Sales Generated from Drive-Thru
  • 35 Miles from Central Columbus in Primary Retail Corridor
  • Across the Street from New Knox Community Hospital Campus - Largest in the Area
  • Immediate Tenants - Kroger, Lowe's, Rural King, Marshalls, CVS, DaVita, Panera, McDonald's, Chipotle, Taco Bell, Wendy's, Advance Auto, AutoZone, O'Reilly

Exclusively Listed By

Restaurant

2021 Construction Starbucks

Listing Price: $2,400,000

Cap Rate
5.35%
Tenant Name
Starbucks
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
2,495
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$51.50

Investment Highlights

  • 10-Year Corporate Guarantee Starbucks Lease with 10 Percent Increases Every Five Years, No Early Termination Clause
  • Investment Grade Credit Tenant Rated BBB+ by S&P
  • Ranked #114 on the Fortune 500, Annual Revenue Exceeds $26.5 Billion
  • 2021 Construction Starbucks with Drive-Thru, Limited Landlord Responsibilities
  • 70 Percent -80 Percent of Sales Generated from Drive-Thru
  • 35 Miles from Central Columbus in Primary Retail Corridor
  • Across the Street from New Knox Community Hospital Campus - Largest in the Area
  • Immediate Tenants - Kroger, Lowe's, Rural King, Marshalls, CVS, DaVita, Panera, McDonald's, Chipotle, Taco Bell, Wendy's, Advance Auto, AutoZone, O'Reilly

Investment Overview

Marcus & Millichap is pleased to present for sale a 2021 construction Starbucks in Mount Vernon, Ohio, just northeast of Central Columbus. The property sits on a generous 1.002 acre lot under a new 10-year corporate triple-net lease with zero termination clauses and an additional five five-year options with 10 percent rental bumps in each period.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower