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Starbucks Drive-Thru - I-70 Near Columbus 655 Zane St 2,182 SF Retail Building Zanesville, OH 43701 $2,813,017 CAD ($1,289.19 CAD/SF) 6.10% Cap Rate

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INVESTMENT HIGHLIGHTS

  • High Performing Store - More than 2x the national sales average
  • Columbus Growth Market - Located just 50 miles east of Columbus, one of the fastest-growing metros in the Midwest, home to five Fortune 500 companies
  • Investment-Grade Credit - Backed by a corporate guaranty from Starbucks (S&P: BBB+)
  • Prime I-70 Location - Excellent visibility and access along a major interstate connecting Columbus to key Midwest and East Coast markets
  • High-Traffic Retail Corridor - Adjacent to Texas Roadhouse and Chipotle, with strong national co-tenancy
  • New 2023 Construction - Features Starbucks’ latest prototype with a high-volume drive-thru

EXECUTIVE SUMMARY

Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell Inc., is pleased to present the opportunity to acquire the fee simple interest in a newly constructed, high-performing, single-tenant Starbucks drive-thru in Zanesville, Ohio. Positioned just east of Columbus along the I-70 corridor, this strategic interstate-adjacent location has demonstrated exceptional performance, generating sales at more than twice the national average. The Property is secured by a new 10-year corporate net lease with Starbucks Corporation (NASDAQ: SBUX), the world’s largest coffeehouse chain. Featuring minimal landlord responsibilities, long-term passive income, and strong underlying real estate, this offering represents an ideal opportunity for investors seeking stability, brand security, and long-term cash flow.
Built in 2023, the Property reflects Starbucks’ latest drive-thru prototype and is strategically positioned to serve both local commuters and regional travelers along one of the most heavily traveled interstates in the country. The lease includes 10% rental increases every five years, including throughout the four (4) five-year renewal options, offering reliable income growth and strong residual value. With its corporate guaranty, investment-grade credit (S&P: BBB+), and national brand recognition, Starbucks brings institutional-grade tenancy and a recession-resilient business model to this location.
The site enjoys exceptional visibility and access from Interstate 70 and sits in a high-traffic retail corridor anchored by national tenants such as Chipotle and Texas Roadhouse. The immediate trade area also includes a Pepsi Bottling plant and five nationally branded hotels, all within a one-block radius, contributing to consistent foot traffic from travelers, business professionals, and hotel guests. Zanesville itself is a well-located micropolitan market that benefits from its proximity to Columbus, low cost of living, and growing investment in downtown revitalization.
As one of the fastest-growing metros in the Midwest, Columbus offers a compelling backdrop for long-term investment. The city is home to five Fortune 500 companies, a diverse economy anchored by healthcare, logistics, tech, and education, and is experiencing sustained demographic growth that outpaces national trends. The combination of Starbucks’ global brand, a long-term corporate lease, and a high-visibility location along a major interstate positions this asset as a durable, cash-flowing investment in one of Central Ohio’s most strategically located commuter corridors.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,182 SF
Building Class
B
Year Built
2023
Price
$2,813,017 CAD
Price Per SF
$1,289.19 CAD
Cap Rate
6.10%
NOI
$171,677 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.73 AC
Zoning
C-4
Parking
12 Spaces (5.5 Spaces per 1,000 SF Leased)
Frontage
50’ on Zane St

AMENITIES

  • 24 Hour Access
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • 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
  • -
  • Lorem Ipsum
  • Jan 0000

Starbucks is a multinational coffeehouse chain founded in 1971 in Seattle, Washington. Initially a retailer of coffee beans and equipment, the company expanded under Howard Schultz’s leadership in the late 1980s to become a global coffeehouse brand. Starbucks operates thousands of stores worldwide, offering coffee, tea, and food products alongside branded merchandise. The company emphasizes ethical sourcing and sustainability in its operations. Its growth strategy includes licensed stores, digital ordering platforms, and specialty formats such as Starbucks Reserve® Roasteries.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services 99,999 SF - Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Riesbeck Food Market
Bob Evans Restaurants
Olive Garden
Texas Roadhouse
Steak ‘n Shake
Tumbleweed Southwest Grill
Red Lobster
Cracker Barrel Old Country Store
Huntington National Bank
Park National Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
84-59-01-02-000
Land Assessment
$136,271 CAD
Improvements Assessment
$458,397 CAD
Total Assessment
$594,667 CAD
  • Listing ID: 37651197

  • Date on Market: 2025-09-12

  • Last Updated:

  • Address: 655 Zane St, Zanesville, OH 43701

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