For Sale
$2,645,000

2127 Livingston AveColumbus, OH 43209

High-yield Starbucks NNN lease, Columbus, OH.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, single-tenant Starbucks located at 2127 E Livingston Ave, Columbus, OH 43209. Built in 2024, this 1,125 square foot, free-standing building sits on a 0.56-acre lot and boasts a 10-year NNN lease commencing September 24, 2023, and expiring September 30, 2033. The property features a drive-thru and a pylon sign, generating additional income from a separate lease with Outfront Media. The property enjoys a 100% occupancy rate, producing a strong net operating income (NOI) of $150,730, resulting in a 5.70% cap rate. The property is zoned for commercial use and benefits from its location near Capital University in the affluent Bexley suburb, an area characterized by high average home prices and household incomes. High visibility and accessibility are ensured by its proximity to major roadways and intersections. The surrounding area includes a diverse mix of retail, dining, and service businesses, creating a vibrant commercial environment. This is a drive-thru-only location, representing Starbucks' newest concept. The asking price for this exceptional investment is $2,645,000. The Franklin County property (APN: 010-011501) offers a compelling combination of strong tenant, prime location, and significant income potential.

Highlights

  • Brand new construction Starbucks with a 10-year lease and additional income from an Outfront Media pylon sign in Central Columbus, Ohio.
  • Drive-thru-only Starbucks featuring their newest concept.
  • Located in the Bexley submarket, near Capital University, with high average home prices and household incomes.
  • High visibility and accessibility due to proximity to major roadways and intersections, in a dynamic commercial area with diverse businesses.
  • Strong consumer base supported by nearby residential neighborhoods and established national and local brands.

Property Details for 2127 Livingston Ave

Property type
Retail properties, Restaurants
Square Feet
1,125 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
24,394 SF

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.94825836
Longitude
-82.94050299
2127 Livingston Ave, Columbus, Ohio

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2127 Livingston Ave
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