For Sale
$2,578,125

16 Township Road 1429South Point, OH 45680

Ohio Retail Investment - High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 2,500-square-foot Starbucks located at 16 Township Rd 1429, South Point, OH 45680. Built in 2024, this single-tenant, free-standing building sits on a 0.81-acre lot and boasts a 10-year net lease with Starbucks, commencing September 1, 2024, and expiring August 31, 2034. The lease includes four, five-year renewal options with a 10% rent increase every five years. The property's strong location, adjacent to a new ALDI and surrounded by national and regional retailers, ensures high visibility and traffic. With a current NOI of $165,000 and a 6.40% cap rate, this property offers a compelling passive income stream for investors. The asking price is $2,578,125, translating to $1,031.25 per square foot. The property is a fee-simple ownership and features a 100% occupancy rate. The high traffic count of approximately 30,000 vehicles per day further enhances the investment potential. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with a strong tenant and significant long-term growth potential. The property's APN is 06-124-1700.000.

Highlights

  • Brand new 2024 Starbucks built-to-suit.
  • Triple-net (NNN) corporate Starbucks lease.
  • 10-year initial term with four 5-year renewal options, including 10% rent increases every 5 years.
  • High traffic location with approximately 30,000 vehicles per day.
  • Strong demographics with approximately 137,000 residents within a 10-mile radius.
  • Excellent co-tenancy with new ALDI and Guthrie's Chicken.

Property Details for 16 Township Road 1429

Property type
Retail properties, Restaurants
Square Feet
2,500 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
35,284 SF

Location Insight

City
South Point
County
Lawrence
State
Ohio
Latitude
38.4159557
Longitude
-82.5113829
16 Township Road 1429, South Point, Ohio

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16 Township Road 1429
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