2127 Livingston AveColumbus, OH 43209

Property Details for 2127 Livingston Ave

Year built

1975

Lot size

0.57 AC

Property size (Sq ft)

2,009 SF

Property type

Retail properties

Property subtype

Retail space

APN

010-011501

APU

10011501

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $520,971

  6.5%

  $480,896

  7%

  $446,546

• Comparable approach

  Method

  Valuation

  Relative Method

  $473,563

  Geo Method

  $473,563

• Alternative Use

  Use

  Valuation

  Residential

  $405,654

  Hospitality

  $371,577

  Educational

  $309,147

  Medical

  $319,780

  Retail

  $480,896

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9478

Longitude

-82.9403

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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