3112 N Ridge Rd E - Freestanding FOR SALE
Ashtabula, OH 44004 |
3112 N Ridge Rd E
Ashtabula, OH 44004
HIGHLIGHTS
- Corporately Backed, Single-Tenant Location with High-Profile, Publicly Traded Starbucks (NASDAQ: SBUX/S&P “BBB+”/Moody’s “Baa1”
- Brand-New Lease with 10 Years of Term Remaining (No Early Termination Rights) Expected to Open December, 2025
- Brand-New Construction on Oversized 1.38-Acre Parcel and Shadow Anchored by ALDI Grocery
- Minimal Landlord Responsibilities as Tenant Handles all Daily Common Area Maintenance with 10% Rental Increases Every 5-Years
- Excellent Frontage Along Ashtabula’s Main Roadway (US-20) | Over 21,600 VPD Surrounding the Starbucks & Directly Adjacent to Major Highway Route 11
- Sits 1.5 Miles from Edgewood High School, Drawing Loads of Visitors to the Popular Coffee Shop
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Brand New 10 yr Starbucks 6.25% CAP | No Mgmt
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store, Fast Food, Storefront Retail/Office
TOTAL BUILDING SIZE
2200
STORIES
1
YEAR BUILT
2026
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
030130001800,030130001900
