117 N Point Dr - Fast Food FOR SALE


Mount Orab, OH 45154
$3,013,177 USD
781-776-4006
117 N Point Dr, Mount Orab, OH for Sale
$3,013,177 USD
Fast Food - FOR SALE
1/6
null | 6.2% Cap Rate

117 N Point Dr
Mount Orab, OH 45154


HIGHLIGHTS

  • Long-Term NNN Lease
  • New Construction
  • Attractive Rent Increases
  • Investment Grade Credit
  • Strategic Location
  • Education Presence

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of a corporate leased Starbucks investment property located at 117 North Point Drive in Mt Orab, Ohio (the “Property”). This is a new construction Starbucks with a rare 15-year NNN lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each renewal option. The Property features Starbucks’ best-in-class drive-thru, as well as an outdoor patio space. The Property is strategically located along North High Street (US Highway 68), the primary retail corridor in Mt Orab, and is adjacent to the on-ramp for the Appalachian Highway (OH Route 32). The Property enjoys outstanding visibility and frontage along US Highway 68, and is highly visible from the Appalachian Highway, the area’s primary commuter corridor heading into Cincinnati. The trade area is centered around the Appalachian Highway, anchored by a Kroger, and is home to national retailers and restaurants, Southern States Community College and the area schools, all of which drive traffic to the area. Mt Orab is part of the Cincinnati MSA and is positioned 35-miles east of the city.

FOR SALE DETAILS

PRICE

$3,013,177 USD

PRICE/SF

$1,205 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

NB

APN/PARCEL ID

11-018112-0024

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.