For Sale
$2,653,543

1826 Us Highway 36Urbana, OH 43078

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 2024-built Starbucks with a drive-thru, situated on a 1.02-acre lot in Urbana, Ohio (43078). The property boasts 2,540 square feet and is currently under a 12.1-year net lease (expiring 12/31/2036) with a corporate guarantee from Starbucks, a Fortune 500 company with an S&P investment grade credit rating of BBB+. The lease includes 7.5% rent bumps every five years, ensuring consistent income growth. The property enjoys a prime location along a major retail corridor with daily traffic exceeding 17,000 vehicles, offering excellent visibility and accessibility. Its strategic placement within the Urbana Commons Retail Center, near Walmart, ALDI, Kroger, and other national retailers, further enhances its appeal. The property's proximity to Mercy Health Urbana Hospital and a planned residential development (Dugan Place) with hundreds of new housing units promises sustained customer traffic. The location near the Champaign County Fairgrounds also provides access to a significant annual influx of visitors. The property's strong financials include a 6.35% cap rate and a net operating income (NOI) of $168,500, making it an attractive addition to any portfolio. The asking price is $2,653,543, with a price per square foot of $1,044.70. This is a rare opportunity to acquire a high-quality, income-producing asset with a strong tenant and significant growth potential.

Highlights

  • Brand new 2024 construction Starbucks with drive-thru, 2,540 square feet on a 1.02-acre lot.
  • High-traffic location with over 17,000 vehicles daily, offering excellent visibility at a hard corner.
  • Investment-grade tenant: Starbucks (BBB+ S&P rating), with a 12.1-year net lease expiring 12/31/2036, including 7.5% rent increases every five years.
  • Proximity to Mercy Health Urbana Hospital.
  • Located within Urbana Commons Retail Center, near Walmart, ALDI, Kroger, and other national retailers.
  • Adjacent to Dugan Place, a planned residential development adding hundreds of new housing units.

Property Details for 1826 Us Highway 36

Property type
Retail properties, Restaurants
Square Feet
2,540 SF
Class
A
Year Built
2024
Lot Size (sq. ft)
44,431 SF

Location Insight

City
Urbana
County
Champaign
State
Ohio
Latitude
40.1060499
Longitude
-83.7158597
1826 Us Highway 36, Urbana, Ohio

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1826 Us Highway 36
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