Biggby Coffee Drive-Thru Strip Center | Perrysburg, OH
New Construction w/ Drive Thru | Upcoming Rental Increases | Dense, Affluent Toledo, OH Submarket
Marketing description
CBRE is pleased to exclusively present for sale this recently constructed 9,212 square foot multi-tenant retail strip center located in Perrysburg, Ohio. Built in 2022, the property is 100% leased to four national and regional tenants operating in the food, beverage, and fitness sectors: Biggby Coffee, Condado Tacos, Peach Cobbler Factory, and Cyclebar. Each tenant demonstrates strong brand recognition and proven expansion strategies, supporting long-term occupancy and durable cash flow.
The property features long-term net leases with built-in rent escalations, providing predictable income growth throughout the lease terms. All four tenants are secured by corporate or personal guarantees, further enhancing the stability of the investment. Modern construction, quality brick materials, and high-scale architectural elements minimize expense leakage and deferred maintenance for the foreseeable future.
Designed to meet evolving consumer preferences, the property includes a drive-thru window for Biggby Coffee and an outdoor dining patio for Condado Tacos—features that are increasingly favored by both tenants and consumers and support strong unit-level performance.
The property is situated on a 0.85-acre outparcel within French Quarter Square, a high-profile, 40,000+ square foot mixed-use redevelopment that replaced a former convention center. The broader project includes office, fitness, medical office, gas/convenience, and bank uses, creating a synergistic environment that supports consistent daily traffic.
Investment highlights
Outparcel to High-Profile and Large-Scale Redevelopment
The property is a newly constructed, multi-tenant retail strip located on a 0.85-acre outparcel within the French Quarter Square redevelopment. The center is part of a 40,000 SF mixed-use project that replaced a former convention center and includes office, fitness, medical office, and convenience-oriented uses, supporting strong traffic counts and the densely populated Toledo suburb of Perrysburg, OH.
2022 Construction with Quality Design
Completed in 2022, the property features quality brick construction and additional high-scale architectural elements, limiting expense leakage and deferred maintenance concerns for the foreseeable future.
National and Regional Tenants with Proven Expansion Strategies
The tenant lineup is anchored by Biggby Coffee, which operates more than 400 locations across the United States and is actively growing through a drive-thru-focused model, and Condado Tacos, which continues to expand across major Midwest and Sunbelt markets. Additional tenants include Peach Cobbler Factory and Cyclebar, both of which are aggressively expanding nationwide.
Drive-Thru and Outdoor Dining
The property incorporates a drive-thru (Biggby Coffee) and an outdoor dining patio (Condado Tacos), features that are increasingly favored by both consumers and tenants.
Long-Term Net Leases with Built-In Rent Growth
The property is 100% leased to four tenants on long-term net leases, each with corporate or personal guarantees. The leases include contractual rent escalations, providing income growth throughout each lease term.
Positioned Within a Dominant Retail Trade Area
Perrysburg, OH is a proven retail destination featuring a dense concentration of national retailers, including Walmart, Kroger, Target, Bass Pro Shops, Meijer, Home Depot, Lowe’s, Kohl’s, TJ Maxx, Chipotle, Starbucks, Raising Cane’s, and Buffalo Wild Wings, among others.
Dense, Affluent Demographics Supporting Retail Demand
Located approximately two hours southwest of Detroit, the property benefits from strong surrounding demographics, with over 63,000 residents within a five-mile radius and average household incomes exceeding $123,000 within three miles.
Exceptional Access, Visibility, and Traffic Counts
French Quarter Square offers frontage along Route 20 / Fremont Pike with exposure to approximately 36,000 vehicles per day and immediate access via two nearby signalized intersections.
Surrounded by Major Demand Drivers
Nearby traffic generators include the 64-acre Amazon Fulfillment Center, Perrysburg Junior High School, and a concentration of national hotel brands including La Quinta, Baymont by Wyndham, Quality Inn, Candlewood Suites, and Holiday Inn & Suites.
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