Starbucks – Summersville

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the brand-new, single-tenant Starbucks (NASDAQ: SBUX), located in Summersville, West Virginia. Starbucks signed a 10-Yr lease with an option to terminate after 5 years if a certain sales threshold is not met.

Details
Bob Havasi and Dan Cooper of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the Seller, a private investment group out of Indiana, whom Bob and Dan have worked with on multiple transactions in the past. The private Virginia buyer was found within the first 10 days of marketing the property for sale and purchased the property for $1,315,000, representing a 5.94% CAP Rate, $658/S.F. and approximately 98% of the list price 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 online at www.CooperGrp.com for the most up-to-date listings and information, stay connected, “Like” them on Facebook and follow on Twitter @TheCooperGrp.