Starbucks

Dayton, Ohio is the sixth-largest city in the state and the economic hub of the Miami Valley region. With a metro population of nearly 800,000, Dayton’s economy is anchored by aerospace, defense, healthcare, education, and advanced manufacturing. The city is home to Wright-Patterson Air Force Base, one of the nation’s largest military installations with over 30,000 employees, along with major healthcare systems and universities including the University of Dayton and Wright State University. Strategically located at the intersection of Interstates 70 and 75, Dayton is also a leading Midwest logistics hub, attracting distribution investment from companies such as Amazon and Chewy. Offering a skilled workforce and affordable cost of living, Dayton provides long-term stability and growth for residents and businesses alike.The Kase Group is pleased to present a net leased Starbucks located in Dayton, Ohio. The lease is corporately guaranteed by Starbucks Corporation (NASDAQ: SBUX) with minimal landlord obligations. The 2,317 square foot freestanding building is situated on a 0.139-acre parcel. Starbucks has operated at this location since 2007 and recently extended its lease through August 31, 2032, with four (4) additional 5-year renewal options extending occupancy through 2052. The lease features 10% rental increases every five years, including during the option periods. Strategically positioned along Brown Street, the property is less than half a mile from the University of Dayton, home to more than 12,000 students. The corridor features a strong mix of national retailers including Chipotle, Panera Bread, Skyline Chili, Domino’s, Five Guys, Smashburger, Buffalo Wild Wings, and Kroger. The site offers excellent access to U.S. Route 35 and Interstate 75, with traffic counts of approximately 19,000 vehicles per day along Brown Street. The surrounding trade area includes more than 110,000 residents with an average household income of $66,000 within a three-mile radius.