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Streetsboro Commons 9706 State Route 14, Streetsboro, OH 44241
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  • 9706 State Route 14

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      Agent(s): Kyle Hartung

    • Price $2,415,000
    • Cap Rate 6.8
    • Status For Sale
    • Property Type Investment Sales

    About This Property

    For sale to qualified investors is an exceptionally well-located Starbuck’s-anchored strip center in Streetsboro, Ohio. The property is situated at the prime signalized intersection for travelers entering and exiting Interstate 80 in Streetsboro, and directly in front of Walmart Supercenter. Featuring A+ visibility and access, the property includes Starbucks with drive thru, AT&T, Jimmy John’s, and Smoothie King, each among the most nationally recognized and successful brands in their respective retail categories. While Smoothie King is beginning its new lease term, both Starbucks and AT&T have recently exercised 5-year extensions, with AT&T featuring rare annual rental increases in both their newly-exercised extension term and its option. Additionally, all leases feature desired triple-net pass-through structure. The property is accessed via traffic signal at Interstate 80 (36,953 VPD) and Ohio State Route 14 (33,502 VPD), and is the first property customers to Walmart see and pass by as they enter the development. The property is situated in the center of growing population base with over 55,607 people in a 5 mile radius and corresponding incomes over $124,963. With under market rents averaging $29 NNN per square foot combined with the most prominent location in this trade area, the asset is poised to outperform in future years.

    9706 State Route 14

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