1134 Brown St - Freestanding FOR SALE


Dayton, OH 45409- University Park
$958,313 USD
925-348-1844
1134 Brown St, Dayton, OH for Sale
$958,313 USD
Freestanding - FOR SALE
1/3
null | 5.75% Cap Rate

1134 Brown St
Dayton, OH 45409
University Park


HIGHLIGHTS

  • NN Lease – Zero Landlord Obligations
  • Corporate Guarantee – Starbucks Corporation (NASDAQ: SBUX)
  • Long-Term Operating History – Starbucks Has Occupied the Site Since 2007
  • Rental Increases – 10% Every 5 Years, Including Option Periods
  • Strong Retail Corridor – Brown Street, Adjacent to the University of Dayton (12,000+ Students)
  • Surrounded by National Retailers – Chipotle, Panera Bread, Skyline Chili, Domino’s, Five Guys, Smashburger, Buffalo Wild Wings, and Kroger

OVERVIEW

The Kase Group is pleased to present a net leased Starbucks located in Dayton, Ohio. The lease is corporately guaranteed by Starbucks Corporation (NASDAQ: SBUX) with minimal landlord obligations. The 2,200 square foot freestanding building (consisting of 1,500 SF retail area and 700 SF storage area) is situated on a 0.97-acre parcel. Starbucks has operated at this location since 2007 and recently extended its lease through August 31, 2032, with four (4) additional 5- year renewal options extending occupancy through 2052. The lease features 10% rental increases every five years, including during the option periods. Strategically positioned along Brown Street, the property is less than half a mile from the University of Dayton, home to more than 12,000 students. The corridor features a strong mix of national retailers including Chipotle, Panera Bread, Skyline Chili, Domino’s, Five Guys, Smashburger, Buffalo Wild Wings, and Kroger. The site offers excellent access to U.S. Route 35 and Interstate 75, with traffic counts of approximately 19,000 vehicles per day along Brown Street. The surrounding trade area includes more than 110,000 residents with an average household income of $66,000 within a three-mile radius.

FOR SALE DETAILS

PRICE

$958,313 USD

PRICE/SF

$426 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Net Leased Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

C

APN/PARCEL ID

R72-02807-0030

ASK ABOUT THIS PROPERTY

Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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Kase AbusharkhThe Kase GroupMore Info
925-348-1844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.