For Sale
$1,385,000

2001 Main St Springfield, OH 45503

High-yield, NNN-leased 7 Brew coffee shop.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a brand-new, 510-square-foot 7 Brew coffee shop situated on a 0.47-acre lot in Springfield, Ohio. Built in 2024, this single-story building boasts a prime location at the signalized intersection of E Main St and N Belmont Ave, benefiting from high visibility and significant daily traffic (30,500 vehicles). The property is strategically located near major retailers including Save-A-Lot, Family Dollar, Wingstop, and a Walmart Supercenter, ensuring strong consumer traffic and synergy. The absolute NNN lease with the franchisee, Brew Team OH, features a 15-year term with three 5-year options, each including a 10% rent increase. This provides a stable, long-term income stream with built-in inflation protection. The property offers 10 parking spaces and is zoned CC-2 Community Commercial District. With a 6.50% cap rate and a $90,000 annual net operating income (NOI), this represents a compelling investment opportunity with minimal landlord responsibilities. The asking price is $1,385,000, translating to $2,715.69 per square foot. The 5-mile trade area boasts a population exceeding 79,400, with an average household income of $70,249, further solidifying the investment's potential. This is a truly passive investment opportunity with a strong tenant and a secure lease structure.

Highlights

  • Brand new 15-year lease with scheduled rent increases and extension options.
  • Absolute NNN lease; fee simple ownership; no landlord responsibilities; strong franchise tenant.
  • High-visibility hard corner location at a signalized intersection with 30,500 vehicles per day.
  • Strong demographics within a 5-mile radius.

Property Details for 2001 Main St

Property type
Retail properties, Restaurants
Square Feet
510 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
20,473 SF

Location Insight

City
Springfield
County
Clark
State
Ohio
Latitude
39.9230198
Longitude
-83.7793068

FAQs

What type of property is this?
Retail property - High-yield, NNN-leased 7 Brew coffee shop.
Where is the retail property located?
The property is located at 2001 Main St Springfield, OH.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: Brand new 15-year lease with scheduled rent increases and extension options.; Absolute NNN lease; fee simple ownership; no landlord responsibilities; strong franchise tenant.; High-visibility hard corner location at a signalized intersection with 30,500 vehicles per day.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2001 Main St
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