7715 Mentor Ave - Freestanding FOR SALE
Mentor, OH 44060 |
7715 Mentor Ave
Mentor, OH 44060
HIGHLIGHTS
- Corporately Backed, Single-Tenant Location with High-Profile, Publicly-Traded Starbucks (NASDAQ: SBUX/S&P “BBB+”/Moody’s “Baa1”)
- Brand-New Lease with 9 Years of Term Remaining (No Early Termination Rights) and Mid-Term Rental Increase (2027)
- Dynamic Demographics with High Average Household Incomes of Over $105,000 and Over 44,000 People in a 3-Miles Radius
- Rare Starbucks Lease Structure: NNN Lease (LL Responsible Roof/Structure) w/ No Daily Management Responsibilities & 20-Yr. Transferrable Roof Warran
- Mentor, Ohio: Recently Named to the “100 Best Places to Live in the U.S.” by Money Magazine and “Best Places to Retire” by Smart Money Magazine
- Prototype Relocation Store at Ideal Corner Location in the Heart of the Retail Corridor on Oversized 0.76-Acre Lot w/ Drive-Thru & Patio
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Starbucks
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
2200
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
16-B-031-B-00-015
