Starbucks
| 6.90% CAP | 2,225 SqFt | Highway Location
Marketing description
Riverwest Real Estate Group is pleased to present an exceptional opportunity to acquire a Starbucks located in Harrison, Ohio, (Cincinnati MSA). This single-tenant net lease investment features a corporate-backed lease with 6.5 years remaining in the primary term and four 5-year renewal options. The property benefits from a prime location directly adjacent to the I-74 Interchange and New Haven Road with combined traffic counts exceeding 60,000 vehicles per day. The modern facility includes a large-capacity drive-thru lane with room for 20 vehicles, ample parking, and 450 SF of outdoor seating area. The NN+ lease structure provides minimal landlord responsibility, with 10% rent increases every 5 years including options and no early termination clause.
Investment highlights
- 6.5 Years Remains in Primary Term
- 10% Rent bumps every 5 years including options
- No early termination clause
- NN+ lease with minimual landlord responsiblity
- Large Capacity Drive-Thru Lane
- Highly excessible - 3 ingress/egress points
- Ample parking stalls to handle peak demand
- Quality construction- tenant may seek LEED Cert.
- High Visibilty with Limited Competition
- Located directly adjacent to the I-74 Interchange andNew Haven Road with combined 60,000 VPD
- I-74 is a major through-fare connecting Davenport, Iowa to Cincinnati, Ohio
- Closest Starbucks: 30 miles to the West and 8 miles to the East.
- Dense Commercial Corridor
- +1.5M SF of retail, +3M SF of industrial, +1,200 MF units with a 5-mile radius
- National tenants include: Kroger, Big Lots, CVS, Walgreens, Goodwill, AutoZone, Home Depot, Tractor Supply, Family & Farm
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