3165 Elida Rd - Freestanding FOR SALE
Lima, OH 45805 |
3165 Elida Rd
Lima, OH 45805
HIGHLIGHTS
- 10 Year & 4 Month Lease - 7% rent increase in year 6 | NN lease with no early termination clause | 7% rent increases during each option period
- 1 of 2 Standalone Starbucks in Lima - This property will be the second standalone Starbucks in Lima and the only one West of the city
- Located in High Traffic Retail Corridor - The property is surrounded by popular tenants including Walmart Supercenter, Meijer, Lowes, Hobby Lobby, and
- Corporate Guaranty from Investment Grade Tenant - Starbucks has a Market Cap of $99B (NASDAQ: SBUX) with over 33,000 locations across the country| S&
- Proximity to University of Northwestern Ohio - This university sits directly behind the property with a student population of over 4,100 students
- Drive Through - The property features a drive through, which studies have shown can increase restaurant sales by as much as 8%
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Starbucks | 5.75% CAP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
3598
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
45
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
36-22-02-03-006.000
