Starbucks – Piqua

Property Type: | Property Status: Sold

Starbucks Building

Property Details

Price: $2,840,000

CAP Rate: 4.7%

Square Feet:

Tenancy Type: National

Lease Type: NNN

Location Info

Address: 1202 East Ash Street

City: Piqua

State: OH

Zip: 45356

Property Description

Short Description:
• Corporately Backed, Single-Tenant Location with High-Profile, Publicly-Traded Starbucks (NASDAQ: SBUX/S&P “BBB+”/Moody’s “Baa1”): Brand-New Lease with 10 Years of Term Remaining (No Early Termination Rights) • Brand-New Construction: Just Opened April, 2022 • NNN Lease Structure (LL Responsible for Roof/Structure) with 10% Rental Increases Every 5-Years

• “Main and Main” Location Shadow Anchored by Home Depot/Miami Valley Crossing Shopping Center and Walmart Supercenter in Main Retail Corridor Surrounded by Loads of Other Complimentary Retailers • Strong Tenancy: Annual Revenue Stream of Over $30 Billion (Fiscal First Quarter, 2022) Through 34,000 Locations Worldwide • Signalized Corner Location Positioned with Excellent Frontage Along Piqua’s Main Roadway (US 36/East Ash) with Over 26,500 VPD Surrounding the Starbucks and Directly Adjacent to Major Highway I-75, Which Spans from Canada to Southern Florida with Over 54,000 VPD • Latest Starbucks “Prototype Look” Including Drive-Thru Lane, Patio and Highly Visible Pylon Signage • Sits Directly Across from Kettering Health Piqua, Premier Health Women’s Center, Numerous Other Medical Offices, Insurance Agencies, Social Security Administration and Board of Education Office Drawing Traffic to this Much Needed Popular Coffee Hotspot • North of Dayton, Ohio: Home to Wright-Patterson Air Force Base with 30,000 Airmen, Civilian and Contractor Employees & Largest Single Site Employer in Ohio • Ideal Demographics with Average Household Incomes of Approx. $65,000 in a Growing Residential Community with Emerging Employers, Commuter Traffic and Strategic Location Equidistant from Both Major Cities, Cincinnati and Columbus, Ohio • Dayton Rated #3 City in the Nation Out of the Top 50 Cities in the United States by HealthGrades for “Excellence in Health Care,” Site Selection Magazine Ranked Dayton the “#1 Medium Sized MSA in the U.S. for Economic Development” and According to Bloomberg Businessweek, “Dayton is One of the Best Places in the U.S. for College Graduates to Find a Job” • Direct Vicinity of Large Population Base: Over One Million People in the Greater Dayton Area and Only 22 Miles to Dayton International Airport