Middleburg, OH - Starbucks

Description:

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.

Strategically located on a primary retail corridor at the signalized intersection of Pearl Road (US-42 | 35,820 VPD) and West 130th Street (26,140 VPD), the Property sits directly across from Southland Shopping Center, a dominant regional shopping destination welcoming 9.1 million annual visits (per Placer.ai), anchored by BJ’s Wholesale Club, Giant Eagle, and Marc’s, with additional national tenants including Marshalls, Petco, Crunch Fitness, Five Below, Office Depot/OfficeMax, Dollar Tree, Applebee’s, and Great Clips, among others. It is also adjacent to Pearl Plaza, a newly developed retail center anchored by ALDI, with tenants including Chipotle, Smoothie King, AT&T, and Citizens Bank, as well as a newly constructed *McAlister’s Deli and *WetGo Car Wash (*Available for Sale, Speak with Agent for Details), promoting strong crossover shopping traffic to the site. The surrounding trade area is supported by a robust demographic base, with over 227,568 residents and 117,159 employees within a 5-mile radius, and an average household income of $93,867. Nearby demand drivers, including Cuyahoga Community College Western Campus (12,000+ students), further reinforce daytime activity and provide a strong consumer foundation for long-term success.

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