655 Zane St - Fast Food FOR SALE


Zanesville, OH 43701
$2,128,000 USD
310-691-1350
655 Zane St, Zanesville, OH for Sale
$2,128,000 USD
Fast Food - FOR SALE
1/8
null | 5.85% Cap Rate

655 Zane St
Zanesville, OH 43701


HIGHLIGHTS

  • High Performing Store - More than 2x the national sales average
  • Prime I-70 Location - Excellent visibility and access along a major interstate connecting Columbus to key Midwest and East Coast markets
  • Columbus Growth Market - Located just 50 miles east of Columbus, one of the fastest-growing metros in the Midwest, home to five Fortune 500 companies
  • High-Traffic Retail Corridor - Adjacent to Texas Roadhouse and Chipotle, with strong national co-tenancy
  • Investment-Grade Credit - Backed by a corporate guaranty from Starbucks (S&P: BBB+)
  • New 2023 Construction - Features Starbucks’ latest prototype with a high-volume drive-thru

OVERVIEW

Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell Inc., is pleased to present the opportunity to acquire the fee simple interest in a newly constructed, high-performing, single-tenant Starbucks drive-thru in Zanesville, Ohio. Positioned just east of Columbus along the I-70 corridor, this strategic interstate-adjacent location has demonstrated exceptional performance, generating sales at more than twice the national average. The Property is secured by a new 10-year corporate net lease with Starbucks Corporation (NASDAQ: SBUX), the world’s largest coffeehouse chain. Featuring minimal landlord responsibilities, long-term passive income, and strong underlying real estate, this offering represents an ideal opportunity for investors seeking stability, brand security, and long-term cash flow. Built in 2023, the Property reflects Starbucks’ latest drive-thru prototype and is strategically positioned to serve both local commuters and regional travelers along one of the most heavily traveled interstates in the country. The lease includes 10% rental increases every five years, including throughout the four (4) five-year renewal options, offering reliable income growth and strong residual value. With its corporate guaranty, investment-grade credit (S&P: BBB+), and national brand recognition, Starbucks brings institutional-grade tenancy and a recession-resilient business model to this location. The site enjoys exceptional visibility and access from Interstate 70 and sits in a high-traffic retail corridor anchored by national tenants such as Chipotle and Texas Roadhouse. The immediate trade area also includes a Pepsi Bottling plant and five nationally branded hotels, all within a one-block radius, contributing to consistent foot traffic from travelers, business professionals, and hotel guests. Zanesville itself is a well-located micropolitan market that benefits from its proximity to Columbus, low cost of living, and growing investment in downtown revitalization. As one of the fastest-growing metros in the Midwest, Columbus offers a compelling backdrop for long-term investment. The city is home to five Fortune 500 companies, a diverse economy anchored by healthcare, logistics, tech, and education, and is experiencing sustained demographic growth that outpaces national trends. The combination of Starbucks’ global brand, a long-term corporate lease, and a high-visibility location along a major interstate positions this asset as a durable, cash-flowing investment in one of Central Ohio’s most strategically located commuter corridors.

FOR SALE DETAILS

PRICE

$2,128,000 USD

PRICE/SF

$975 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks Drive-Thru - I-70 Near Columbus

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

C-4

APN/PARCEL ID

84-59-01-02-000

ASK ABOUT THIS PROPERTY

David ChasinPegasus InvestmentsMore Info
310-691-1350

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David ChasinPegasus InvestmentsMore Info
310-691-1350

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