For Sale
$1,986,000

4492 Indian Ripple RdBeavercreek, OH 45430

High-yield NN lease, strong tenant

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional investment opportunity featuring a Starbucks located at 4492 Indian Ripple Rd, Beavercreek, OH 45430. This fee-simple property boasts a 2,440 square foot building on a 0.58-acre lot, constructed in 2017. The property benefits from a strong 10.5-year remaining lease term (expiring 05/31/2035) with a highly reputable tenant, Starbucks Corporation, and includes four to five-year renewal options. The lease is a Net Lease (NN) structure with rent bumps of 10% on 6/1/2032 and every five years thereafter. The current annual Net Operating Income (NOI) is $116,168, resulting in a compelling 5.85% cap rate. The property features 22 parking spaces and enjoys excellent visibility and accessibility, with strong frontage on Indian Ripple Rd and proximity to I-675 (80,856 cars per day). The location is strategically situated across from The Greene Shopping Center and surrounded by other popular retailers, including At Home, Raising Cane's, Esporta Fitness, Forever 21, Nordstrom Rack, and Cinemark. The surrounding area demonstrates strong demographics, with over 196,588 residents within a five-mile radius and an average household income exceeding $106,691. Beavercreek, Ohio, is a thriving community, ranked #1 Best Place to Live in Ohio by Travel+Leisure 2024, and benefits from the proximity of Wright-Patterson Air Force Base. The property's APN is B42-0003-0007-0-0189-00. This is a rare opportunity to acquire a high-performing, passively managed investment with a blue-chip tenant in a prime location. Asking price: $1,986,000.

Highlights

  • Starbucks, a globally recognized tenant, recently extended its lease for eight years.
  • The lease has 10.5 years remaining, plus four 5-year options.
  • The lease is a Double Net (NN) lease with some landlord responsibilities.
  • The 5-mile radius boasts 196,588 residents and a strong average household income of $106,691.
  • Excellent location across from The Greene Shopping Center, with strong co-tenancy including At Home, Raising Cane's, and Nordstrom Rack.
  • High visibility on Indian Ripple Rd. with convenient I-675 freeway access (80,856 cars/day).

Property Details for 4492 Indian Ripple Rd

Property type
Retail properties
Square Feet
2,440 SF
Year Built
2017
Lot Size (sq. ft)
25,265 SF

Location Insight

City
Beavercreek
County
Greene
State
Ohio
Latitude
39.697058124475
Longitude
-84.10522819858
4492 Indian Ripple Rd, Beavercreek, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4492 Indian Ripple Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message