3165 Elida Rd | Lima, OH 45805
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3165 Elida Rd
Lima, OH 45805
Starbucks | 5.75% CAP · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10 Year & 4 Month Lease - 7% rent increase in year 6 | NN lease with no early termination clause | 7% rent increases during each option period
- Located in High Traffic Retail Corridor - The property is surrounded by popular tenants including Walmart Supercenter, Meijer, Lowes, Hobby Lobby, and
- Proximity to University of Northwestern Ohio - This university sits directly behind the property with a student population of over 4,100 students
- 1 of 2 Standalone Starbucks in Lima - This property will be the second standalone Starbucks in Lima and the only one West of the city
- Corporate Guaranty from Investment Grade Tenant - Starbucks has a Market Cap of $99B (NASDAQ: SBUX) with over 33,000 locations across the country| S&
- Drive Through - The property features a drive through, which studies have shown can increase restaurant sales by as much as 8%
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,598 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.14 AC
Parking
45 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
113’ on Elida Rd
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 36-22-02-03-006.000 | Improvements Assessment | $187,780 |
| Land Assessment | $102,170 | Total Assessment | $289,950 |
PROPERTY TAXES
Parcel Number
36-22-02-03-006.000
Land Assessment
$102,170
Improvements Assessment
$187,780
Total Assessment
$289,950
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