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Newly Built Starbucks | Highway-Exit Site 23107 Broadway Ave 1,662 sq ft Retail Property Oakwood Village, OH 44146 £1,937,817 (£1,165.96/sq ft) 6.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Newly Built Starbucks 10-Year Lease in Oakwood Village, OH (Cleveland MSA)
- Highway-Exit Site – Just 0.2-Mile South of I-271 Exit Ramps; I-271 Sees 115,300 VPD
- 10% Rent Increases Every 5 Years of Initial Term & Four, Five-Year Options
- Tenant Completing its Built-Out with Rent Commencement Estimated April 15th, 2025
- Firm 10-Year Term with No Early Termination Right and No Real Estate Tax Protection Clauses
- Double-Net Lease with 20-Year Transferrable Roof Warranty Extending into 2045
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Property Size
1,662 sq ft
Costar Property Class
B
Year Built
2025
Price
£1,937,817
Price per sq ft
£1,165.96
Yield
6.50%
NOI
£125,958
Tenancy
Single
Number of Floors
1
Plot ratio
0.03
Total Plot Size
1.20 ac
Frontage
277 ft on BROADWAY AVE
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE TYPE
- LEASE END
- Starbucks
- -
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE TYPE | LEASE END | |
| Starbucks | - | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 795-06-071 | Improvements Assessment | £0 |
| Land Assessment | £45,241 | Total Assessment | £45,241 |
PROPERTY TAXES
Parcel Number
795-06-071
Land Assessment
£45,241
Improvements Assessment
£0
Total Assessment
£45,241
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Newly Built Starbucks | Highway-Exit Site | 23107 Broadway Ave
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