Starbucks – Sunbury
Tenancy Type: National
Lease Type: NNN
Address: 7305 US Route 36/37
The Cooper Commercial Investment Group is pleased to announce the sale of the single-tenant, net leased, Starbucks located in Sunbury, Ohio. Sunbury is a growing suburban location on the very north end of Columbus, and the property was located directly off the highway. Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the seller, a private investor out of Ohio, which Cooper has worked with on past transactions. The all cash buyer, out of Florida, purchased the asset for approximately 98% of list price. The property sold for $1,387,500, representing a 5.11% CAP Rate and over $860/S.F. In the very short period of time the Cooper Group had the property listed, they were able to secure multiple competitive offers.
The Cooper Commercial Investment Group looks forward to working with parties interested in selling or looking to acquire other similar commercial assets and encourages you to contact them for a no obligation evaluation of your commercial property. Visit them on-line at www.coopergrp.com for the most up-to-date listings and information. Stay connected, “Like” them on Facebook and follow them on Twitter @TheCooperGrp.