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 2,317 square foot freestanding
building is situated on a 0.139-acre parcel. Starbucks has operated at this
location since 2007 and recently extended its lease through 2032, with two (2)
additional 5-year renewal options. 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.