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Starbucks | Excellent Retail Corridor | 8 Yrs 6780 Pearl Rd 2,395 SF Retail Building Middleburg Heights, OH 44130 $2,520,000 ($1,052.19/SF) 6.35% Cap Rate
Investment Highlights
- Corporate Guaranteed Lease | Scheduled Rental Increases
- Directly Across From Southland Shopping Center (9.1 M Annual Visits)
- Strong Demographics and Daytime Population in 5-Mile Trade Area
- NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Frontage to 35,820 VPD
Executive Summary
SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire a fee simple (land & building ownership) interest in a newer (2024) Starbucks location, featuring the company’s latest prototype design. The lease is corporately guaranteed by Starbucks, backed by BBB+ investment-grade credit (S&P), providing a secure, long-term investment with scheduled rental increases that help steadily grow NOI and hedge against inflation. Starbucks is the world’s largest coffee chain, with 41,000+ locations worldwide, generating $37.18 billion in revenue in fiscal 2025, a 2.8% increase over 2024. The property includes a new 20-year roof warranty, which will be transferred to the Buyer at Closing. The landlord is responsible for the roof, structure, parking lot, and landscaping, with all related expenses reimbursable by the tenant, resulting in minimal landlord responsibilities and making this an ideal, low-management investment for out-of-state or passive investors.
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
2,395 SF
Building Class
B
Year Built
2024
Price
$2,520,000
Price Per SF
$1,052.19
Cap Rate
6.35%
NOI
$160,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.01 AC
Zoning
GB - General Business
Parking
27 Spaces (11.27 Spaces per 1,000 SF Leased)
Frontage
302’ on PEARL RD
Amenities
- Corner Lot
- Dedicated Turn Lane
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
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Lorem Ipsum
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Jan 0000
Starbucks began in 1971 in Seattle's Pike Place Market as a roaster and retailer of whole bean and ground coffee, tea, and spices. The company became a coffeehouse in 1987 and has since expanded into a global business centered on coffee drinks, food, cups, and merchandise. Starbucks now connects with millions of customers every day through a broad retail network and also brings some of its branded coffee products and creamers into grocery channels. The company's business is built around coffee craftsmanship, food and beverage service, and neighborhood-focused store experiences.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 372-20-031 | Improvements Assessment | $763,300 |
| Land Assessment | $737,600 | Total Assessment | $1,500,900 |
Property Taxes
Parcel Number
372-20-031
Land Assessment
$737,600
Improvements Assessment
$763,300
Total Assessment
$1,500,900
Contacts
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Greg Labarre -
Calvin Short -
Robert Donnell -
Matt Coates -
Sarah Shanks -
SRS Real Estate Partners
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