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Starbucks | Excellent Retail Corridor | 8 Yrs 6780 Pearl Rd 2,395 SF Retail Building Middleburg Heights, OH 44130 $3,515,652 CAD ($1,467.91 CAD/SF) 6.35% Cap Rate

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Investment Highlights

Corporate Guaranteed Lease | Scheduled Rental Increases
Directly Across From Southland Shopping Center (9.1 M Annual Visits)
Strong Demographics and Daytime Population in 5-Mile Trade Area

NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
Frontage to 35,820 VPD

Executive Summary

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.

Property Facts

Sale Type

Investment NNN

Sale Condition

Build to Suit

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,395 SF

Building Class

Year Built

2024

Price

$3,515,652 CAD

Price Per SF

$1,467.91 CAD

Cap Rate

6.35%

NOI

$223,216 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.05

Lot Size

1.01 AC

Zoning

GB - General Business

Parking

27 Spaces (11.27 Spaces per 1,000 SF Leased)

Frontage

302’ on PEARL RD

Corner Lot
Dedicated Turn Lane

Restaurant
Signage

Signalized Intersection

Drive Thru

Accommodation and Food Services
99,999 SF
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Starbucks began in 1971 in Seattle's Pike Place Market as a roaster and retailer of whole bean and ground coffee, tea, and spices. The company became a coffeehouse in 1987 and has since expanded into a global business centered on coffee drinks, food, cups, and merchandise. Starbucks now connects with millions of customers every day through a broad retail network and also brings some of its branded coffee products and creamers into grocery channels. The company's business is built around coffee craftsmanship, food and beverage service, and neighborhood-focused store experiences.