6700 Roosevelt Ave - Freestanding FOR SALE


Middletown, OH 45044
$2,498,130 USD
619-453-8639
6700 Roosevelt Ave, Middletown, OH for Sale
$2,498,130 USD
Freestanding - FOR SALE
1/5
null | 6.15% Cap Rate

6700 Roosevelt Ave
Middletown, OH 45044


HIGHLIGHTS

  • New 2025 High-Quality Construction with Drive-Thru
  • 15-Year Absolute NNN Lease with 10% Increases Every 5 Years
  • Traffic Counts Exceed 30,000 Vehicles Per Day
  • Dense and Affluent Demographics — 125,000+ Residents Within 10-Miles with Average Household Income Exceeding $88,000
  • 10% Expected Population Increase Over Next 5-Years, Reflecting Strong Residential & Commercial Expansion in the Area

OVERVIEW

The subject property is a newly constructed Starbucks drive-thru located in Middletown (Cincinnati MSA), OH. The brand new 10-year lease is corporately guaranteed by Starbucks (NYSE: SBUX) and includes 10% rental increases every 5-years in the (4) five-year option periods starting in year 11. Starbucks signed the lease without any early termination rights showing their long-term commitment to the site.  This location is positioned in a high-traffic corridor along Roosevelt Ave, with direct access to I-75. It is strategically located at a signalized intersection with traffic counts exceeding 44,000 vehicles per day. The site benefits from its excellent visibility and access along I-75, which boasts 119,000 vehicles per day.  The property is 30-minutes from Dayton and Cincinnati, with a combined MSA population of over 3 million people, the 18th largest in the country. With over 90,000 residents in 5-Miles, this investment offers a stable, long-term income stream backed by one of the most reputable global coffee brands in the world.   National retailers in the immediate vicinity include McDonald’s, Applebee’s, Olive Garden, Mattress Firm, Aldi, Planet Fitness, Chipotle, GNC, Aspen Dental, KFC, Enterprise, Jersey Mike’s, Bob Evan’s, Davita, Kohl’s, Subway and many more

FOR SALE DETAILS

PRICE

$2,498,130 USD

PRICE/SF

$1,515 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | New 10-Year Corporate Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kris WertzWertz Real Estate Investment ServicesMore Info
619-453-8639

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Kris WertzWertz Real Estate Investment ServicesMore Info
619-453-8639

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