1826 Us Highway 36Urbana, OH 43078

Property Details for 1826 Us Highway 36

Lot size

1.03 AC

Property type

Land

Property subtype

Commercial land

APN

K48-25-11-03-49-003-00

APU

K482511034900300

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $9,854,329

  Hospitality

  $9,026,512

  Educational

  $7,509,952

  Medical

  $7,768,231

  Retail

  $11,682,148

Location Insight

City

Urbana

County

Champaign

State

Ohio

Latitude

40.1064

Longitude

-83.7163

CBSA code

46500

CBSA name

URBANA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].