6700 Roosevelt AveMiddletown, OH 45044

Property Details for 6700 Roosevelt Ave

Year built

2024

Lot size

0.90 AC

Property size (Sq ft)

1,649 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a brand-new, 1,649 square foot Starbucks located at 6700 Roosevelt Ave, Middletown, OH 45044. Built in 2024, this free-standing building sits on a 0.9-acre lot and boasts a fresh 10-year net lease with a corporate guarantee from Starbucks (S&P credit rating BBB+). The lease commences December 31, 2024, and includes four five-year renewal options with a 10% rent bump at each option. The property generates a strong NOI of $153,500, resulting in a 6.75% cap rate. The strategic location in Middletown, Ohio, benefits from high traffic volume (28,900+ vehicles daily) and a desirable demographic with average household incomes exceeding $78,254 within a one-mile radius. The property is 100% occupied, offering minimal landlord responsibilities and significant long-term investment potential. With over 295,000 residents within a 10-mile radius, this Starbucks represents a secure and lucrative investment opportunity. The asking price is $2,275,000, translating to $1,379.62 per square foot. There is no early termination option.

Location Insight

City

Middletown

County

Butler

State

Ohio

Latitude

39.4939

Longitude

-84.3375

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