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923 Hilliard Rome Rd
Columbus, OH 43228
Starbucks · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Starbucks has committed to a 15-year Net lease with a rare “Tenant-Maintain” lease structure, demonstrating long-term stability and minimal landlord r
- The lease requires Starbucks to cover all maintenance, taxes, and insurance, excluding the roof, structure, and foundation.
- The lease includes 10% rental increases every five years, ensuring consistent NOI growth throughout the term.
- Starbucks Corporation (NASDAQ: SBUX) is a global leader in the coffee industry, with over 38,000 stores worldwide and strong financial performance.
EXECUTIVE SUMMARY
Strategically positioned along Hilliard Rome Rd (35,765 AADT) and near I-70 (139,269 AADT), ensuring maximum visibility and accessibility. Starbucks has signed a 15-year net lease, where the tenant covers taxes, insurance, and maintenance, minimizing landlord obligations. The lease includes 10% rental increases every five years, providing a stable and predictable cash flow for investors. The 5-mile population is 197,595, projected to increase further by 2029, with a growing number of affluent households. The property will be constructed in 2025, offering a 2,265 SF freestanding Starbucks with modern design and drive-thru capability. Located across from West 70 Logistics Center (1.8 million SF of industrial space) and surrounded by retailers such as Target, Walmart, and Sam’s Club, ensuring high daily foot traffic.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,265 SF
Building Class
B
Year Built
2025
Price
$3,744,000
Price Per SF
$1,652.98
Cap Rate
5.85%
NOI
$219,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.19 AC
Zoning
CPD
Parking
30 Spaces (13.25 Spaces per 1,000 SF Leased)
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 470-296199 | Improvements Assessment | $0 |
| Land Assessment | $180,570 | Total Assessment | $180,570 |
PROPERTY TAXES
Parcel Number
470-296199
Land Assessment
$180,570
Improvements Assessment
$0
Total Assessment
$180,570
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