703 Pike St - Freestanding FOR SALE


Marietta, OH 45750
$1,890,000 USD
631-807-2342
703 Pike St, Marietta, OH for Sale
$1,890,000 USD
Freestanding - FOR SALE
1/6
null | 6.02% Cap Rate

703 Pike St
Marietta, OH 45750


HIGHLIGHTS

  • Corporate-Guaranteed Starbucks: The lease is backed by Starbucks Corporation (NASDAQ: SBUX), an investment-grade tenant rated BBB+ by S&P
  • Best-in-Class Tenant Financials: Starbucks generates more than $36 billion in annual revenue across 40,000+ locations worldwide
  • Built-In Rental Growth: 10% rental increases every five years in the base term and all option periods, providing a built-in hedge against inflation
  • Drive-Thru Equipped: A dedicated drive-thru lane drives high-volume, convenience-oriented sales
  • 2021 Construction: Modern, recently built improvements limit near-term capital exposure for the next investor

OVERVIEW

Silber Investment Properties is pleased to exclusively offer for sale a corporate-guaranteed Starbucks with a drive-thru. The 2,377-square-foot building sits on approximately 0.65 acres at a signalized hard corner along Pike Street, a primary commercial corridor carrying more than 30,363 vehicles per day just off Interstate 77. he lease is corporate-guaranteed by Starbucks Corporation (NASDAQ: SBUX) — an investment-grade tenant rated BBB+ (S&P) / Baa1 (Moody's) — and features 10% rental increases every five years, along with four (4) five-year renewal options that provide significant long-term upside and demonstrate the tenant's commitment to the site. Constructed in 2021, the building offers a modern Starbucks prototype with minimal anticipated near-term capital expense. The NN lease structure limits landlord obligations to roof and structure, making this an ideal, low-management acquisition for a 1031 exchange buyer or passive investor seeking durable, investment-grade income with built-in growth. Marietta is strategically positioned within an established national retail trade area anchored by Walmart Supercenter, Lowe's, ALDI, and Tractor Supply, and supported by a strong cluster of national hotel flags and a healthy daytime population driven in part by Marietta College. The five-mile trade area is home to more than 28,000 residents with average household incomes exceeding $75,000.

FOR SALE DETAILS

PRICE

$1,890,000 USD

PRICE/SF

$895 USD /SF

CAP RATE

6.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Storefront, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

CROSS STREETS

Country Club Drive

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

-

APN/PARCEL ID

2400-87412-000

ASK ABOUT THIS PROPERTY

Stuart FrankelSilber Investment Properties, LTDMore Info
631-807-2342

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Stuart FrankelSilber Investment Properties, LTDMore Info
631-807-2342

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