A single-tenant, net leased, Starbucks located directly off the highway in Sunbury, Ohio, sold for$1.39 million.
Dan Cooper, president and broker of Cooper Commercial Investment Group in Cleveland, Ohio, represented the seller, a private investor out of Ohio.
The all cash Florida-based buyer purchased the asset for approximately 98% of list price. The property’s selling price represented a 5.1 percent CAP Rate and more than $860 per square foot.
