7305 E STATE ROUTE 37 Sunbury OH 43074-9210

Marcus & Millichap is pleased to present a corporately guaranteed net leased Starbucks, comprised of 1,613 square feet located in Sunbury, Ohio. Starbucks, who hand-picked this particular location for expansion in the Columbus market and desirable location directly off and visible from I-71. Starbucks executed a 10-year extension commencing in 2016 leaving just under 6.5 years of term remaining and no early termination rights. This lease offers a mid-term rental increase and minimal management responsibilities due to the attractive Net Lease that has Starbucks handling all on-site maintenance and repairs. Additionally, Starbucks is responsible for HVAC and roof replacement. This location for Starbucks along I-71 is the only freestanding, corporate location along the highway between Cleveland and Northern Columbus. Due to the position of the store, Starbucks installed highly visible signage, which can be seen from I-71 along with Route 36/37. Starbucks has also completed a full interior renovation in the summer/fall of 2016 that cost approx. $200,000, further proving their commitment to this location. The featured asset is strategically positioned directly off the highway exit surrounded by a constant flow of traffic from hotels, fueling stations and restaurants. High traffic counts surround the I-71/Route 36/37 interchange with approximately 150k+ VPD. Additionally, the area is slated for new multi-family housing and an increase of residential homes on 1,100 acres in the vicinity. Also as a testament to the growth and increased traffic at this exit of I-71, the Village of Sunbury and Township of Berkshire are working on a $16.5 million road improvement plan that will create new highway exits and expansion of the roadways. Sunbury is growing by leaps and bounds, having annexed over 555 acres in the recent years. The affluent community has an average household income of $154,497 within 3-miles of the Starbucks. Further evidence of areas growth can be seen by the recent development of the new 300,000 S.F. Tanger Outlet Mall that sits on over 70 acres (located 0.3 miles from the property) and boasts high-end stores such as Banana Republic, J. Crew, Under Armour, GAP, Coach, The North Face, Ann Taylor and many more.