23107 Broadway Ave - Fast Food FOR SALE
Oakwood Village, OH 44146 |
$2,698,412 USD
216-264-2000
23107 Broadway Ave
Oakwood Village, OH 44146
HIGHLIGHTS
- Newly Built Starbucks 10-Year Lease in Oakwood Village, OH (Cleveland MSA)
- Tenant Completing its Built-Out with Rent Commencement Estimated April 15th, 2025
- Highway-Exit Site – Just 0.2-Mile South of I-271 Exit Ramps; I-271 Sees 115,300 VPD
- Firm 10-Year Term with No Early Termination Right and No Real Estate Tax Protection Clauses
- 10% Rent Increases Every 5 Years of Initial Term & Four, Five-Year Options
- Double-Net Lease with 20-Year Transferrable Roof Warranty Extending into 2045
FOR SALE DETAILS
PRICE
$2,698,412 USD
PRICE/SF
$1,349 USD /SF
CAP RATE
6.3%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Newly Built Starbucks | Highway-Exit Site
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Fast Food, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.2 AC
LAND SF
52,272 SF
ZONING
-
APN/PARCEL ID
795-06-071
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216-264-2000
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216-264-2000
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