New Construction Starbucks | Main Corridor
1.01 Acres of Commercial Land Offered at $2,909,000 USD in Middleburg Heights, OH 44130
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,909,000
- Property Type
-
Land
Listing Contacts
Calvin Short
Verified Profile
Matt Coates
Verified Profile
Gary Chou
Verified Profile
Aron Cline
Verified Profile
- Property Info
Property Overview
• Brand-new (2024), state-of-the-art construction with Starbucks’ latest prototype
• Corporately guaranteed lease which is backed by BBB+, investment-grade credit (S&P)
• Long-term lease with Starbucks, one of the most sought-after tenants in retail
• New, 20-year roof warranty to be transferred to Buyer, at Closing
• Part of the Pearl Crossing new development with McAlister’s Deli and WetGo Car Wash
• Main retail corridor & rapidly developing area
• Across the street from Southland Shopping Center, an 800,000+ SF center anchored by BJ’s, Giant Eagle, Bath & Body Works, and
Marc’s | Other tenants include Petco, Marshalls, Dollar Tree, Applebee’s, Cleveland Furniture Bank, Office Max, Party City, JOANN’s,
among others
• Adjacent to Pearl Plaza, a new development retail center to be anchored by ALDI | Other tenants will include Chipotle, Smoothie King,
AT&T, Citizens Bank, among others
• Just off signalized, hard-corner of Pearl Road & 130th St | Combined ±60,830 VPD
• Just over a mile from Cuyahoga Community College Western Campus | 18,754 students
• About 2.5 miles from:
• The Shoppes at Parma | 756,000 SF shopping center anchored by Walmart Supercenter, DICK’s, Burlington, and Marc’s
• Byers Field at Robert M. Boulton Stadium | 2nd largest stadium in Cuyahoga County | 11,200 seats
• A Target, Giant Eagle, and Kohl’s-anchored shopping center
• Less than a mile from Middleburg Heights Jr High School, Berea Midpark Middle School, and Parma Park Elementary School | Combined 3,338 total students
• Less than two miles from Valley Forge High School | 1,386 students
• 3.5 miles from Cleveland Hopkins International Airport | 9.87MM passengers in 2023, up 13.5% over 2022 | 251 flights per day
• Starbucks is ranked #125 on Fortune 500 list (2023), #1 World’s Most Admired Company in the Food Services Industry – Fortune Magazine (2023), and #1 Most Valuable Restaurant Brand in the World – Brand Finance (2023)
• Starbucks is the world’s largest coffee chain with 38,000+ locations in 76 countries | $35.97B in revenue in 2023, an 9.3% increase from 2022
• Corporately guaranteed lease which is backed by BBB+, investment-grade credit (S&P)
• Long-term lease with Starbucks, one of the most sought-after tenants in retail
• New, 20-year roof warranty to be transferred to Buyer, at Closing
• Part of the Pearl Crossing new development with McAlister’s Deli and WetGo Car Wash
• Main retail corridor & rapidly developing area
• Across the street from Southland Shopping Center, an 800,000+ SF center anchored by BJ’s, Giant Eagle, Bath & Body Works, and
Marc’s | Other tenants include Petco, Marshalls, Dollar Tree, Applebee’s, Cleveland Furniture Bank, Office Max, Party City, JOANN’s,
among others
• Adjacent to Pearl Plaza, a new development retail center to be anchored by ALDI | Other tenants will include Chipotle, Smoothie King,
AT&T, Citizens Bank, among others
• Just off signalized, hard-corner of Pearl Road & 130th St | Combined ±60,830 VPD
• Just over a mile from Cuyahoga Community College Western Campus | 18,754 students
• About 2.5 miles from:
• The Shoppes at Parma | 756,000 SF shopping center anchored by Walmart Supercenter, DICK’s, Burlington, and Marc’s
• Byers Field at Robert M. Boulton Stadium | 2nd largest stadium in Cuyahoga County | 11,200 seats
• A Target, Giant Eagle, and Kohl’s-anchored shopping center
• Less than a mile from Middleburg Heights Jr High School, Berea Midpark Middle School, and Parma Park Elementary School | Combined 3,338 total students
• Less than two miles from Valley Forge High School | 1,386 students
• 3.5 miles from Cleveland Hopkins International Airport | 9.87MM passengers in 2023, up 13.5% over 2022 | 251 flights per day
• Starbucks is ranked #125 on Fortune 500 list (2023), #1 World’s Most Admired Company in the Food Services Industry – Fortune Magazine (2023), and #1 Most Valuable Restaurant Brand in the World – Brand Finance (2023)
• Starbucks is the world’s largest coffee chain with 38,000+ locations in 76 countries | $35.97B in revenue in 2023, an 9.3% increase from 2022
Property Details
- Property Subtype
- Commercial
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