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Newly Built Starbucks | Highway-Exit Site 23107 Broadway Ave 1,662 SF Retail Building Oakwood Village, OH 44146 $3,650,868 CAD ($2,196.67 CAD/SF) 6.50% Cap Rate
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
Building Size
1,662 SF
Building Class
B
Year Built
2025
Price
$3,650,868 CAD
Price Per SF
$2,196.67 CAD
Cap Rate
6.50%
NOI
$237,306 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.20 AC
Frontage
277’ on BROADWAY AVE
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Starbucks
- -
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Starbucks | - | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 795-06-071 | Improvements Assessment | $0 CAD |
| Land Assessment | $85,223 CAD | Total Assessment | $85,223 CAD |
PROPERTY TAXES
Parcel Number
795-06-071
Land Assessment
$85,223 CAD
Improvements Assessment
$0 CAD
Total Assessment
$85,223 CAD
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Newly Built Starbucks | Highway-Exit Site | 23107 Broadway Ave
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