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STARBUCKS w/ DR-THRU | 12 YEAR LEASE 1826 US 36 hwy

2,540 SF 100% Leased Retail Building Urbana, OH 43078 $2,653,543 ($1,045/SF) 6.35% Cap Rate

Retail Buildings Ohio Urbana 1826 US 36 hwy, Urbana, OH 43078

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.
  • 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 $35.97B.
  • W/in Urbana Commons Retail Center (1.5M Annual Visitors) - Pad to Walmart Supercenter and Near Numerous other National Retailers.
  • Positioned Along Area’s Retail & Traffic Corridor: Easy Access & Excellent Visibility at a Hard Corner w/ Daily Traffic Counts Exceeding 17k Vehicles.
  • Walking Distance from Mercy Health Urbana Hospital - the Hospital is Dedicated to the Healthcare needs of the Residents of Urbana &Champaign County.
  • Adjacent to Dugan Place - a future Residential Development - 192 Apartment Units, 114 Townhome Units, 75 Condo Units, and 132 Single-Family Homes.

Executive Summary

Ohio Broker of Record: Michael Glass | 500 Neil Ave., Ste. 100 Columbus, OH 43215 | P: (614) 360-9800 | Lic. # BRK.2007005898 | Michael.Glass@MarcusMillichap.com
Tenant Self Maintains Premises | Brand New 2024 High Quality Construction | Adjacent to Future Residential Development | Pad to Walmart Supercenter | Along Highway-36 | Hard Corner | Walking Distance from Hospital

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,540 SF
Year Built
2024
Construction Status
Under Construction
Price
$2,653,543
Price Per SF
$1,045
Cap Rate
6.35%
NOI
$168,500
Percent Leased
100%
Building Height
1 Story
Building FAR
0.06
Lot Size
1.02 AC

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Starbucks
  • Retailer
  • 2,540 SF
  • -
  • Triple Net
  • Dec 2036
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Starbucks Retailer 2,540 SF - Triple Net Dec 2036

Links

1 of 1

PROPERTY TAXES

Parcel Number K41-11-11-29-00-003-00 Improvements Assessment $0
Land Assessment $110,830 Total Assessment $110,830

PROPERTY TAXES

Parcel Number
K41-11-11-29-00-003-00
Land Assessment
$110,830
Improvements Assessment
$0
Total Assessment
$110,830
(858) 373-3184

Contacts

  • Listing ID: 32113381

  • Date on Market: 6/12/2024

  • Last Updated:

  • Address: 1826 US 36 hwy, Urbana, OH 43078

More public record information on 1826 US 36 hwy, Urbana, OH 43078

The Retail Property at 1826 US 36 hwy, Urbana, OH 43078 is currently available for sale. Contact The Mansour Group of Marcus & Millichap for more information.

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STARBUCKS w/ DR-THRU | 12 YEAR LEASE | 1826 US 36 hwy
(858) 373-3184 x

STARBUCKS w/ DR-THRU | 12 YEAR LEASE | 1826 US 36 hwy

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Alvin Mansour

(858) 373-3184

(858) 373-3184

David Kern

(858) 373-3185

(858) 373-3185

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