5228 Mahoning AveAustintown, OH 44515

  • Retail properties
  • 1,008 SF
For Sale
$1,886,000 View listing

Property Details for 5228 Mahoning Ave

Year built
2022
Lot size
0.55 AC
Property size (Sq ft)
1,008 SF
Property type
Retail properties
Property subtype
Drive through restaurants
APN
48-028-0-099.00-0
APU
480280099000

Description

This exceptional investment opportunity presents a fee-simple, single-tenant Starbucks located at 5228 Mahoning Ave, Austintown, OH 44515. The property boasts a 1,000 square foot building constructed in 2022, operating as a drive-thru only location, reflecting the latest QSR coffee retail prototype. This prime retail space is situated on a 0.55-acre lot with excellent visibility and frontage on Mahoning Ave, a major east-west commuter artery with 24,689 vehicles per day. The property benefits from a shared signalized entrance/exit, providing virtually direct access. It's strategically positioned as an outparcel to a Giant Eagle grocery store, leveraging the high traffic generated by this established anchor tenant. The property enjoys a 100% occupancy rate with a strong, credit-rated tenant, Starbucks Corporation (NYSE: SBUX), under a double-net lease with minimal landlord responsibilities (roof/structure only). The current lease, expiring February 28, 2033, includes four, five-year options with a 10% rent increase in March 2028 and subsequent options. The current annual net operating income (NOI) is $99,000, resulting in a 5.25% cap rate. The asking price is $1,886,000, translating to $1,886 per square foot. The property is located just 0.15 miles from Route 11 exit ramps (30,928 vehicles per day), further enhancing its accessibility and visibility. The surrounding area features a robust mix of retail and restaurant establishments, including well-known national brands. The location benefits from a dense population base, with 40,983 residents within a 3-mile radius and 82,058 within a 5-mile radius. Austintown, a large suburb of Youngstown, boasts highly-rated public schools. This is a rare opportunity to acquire a high-performing, low-risk investment in a prime location within the Youngstown MSA, a market with a population of 430,000 and numerous major employers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $281,797
    6.5%
    $260,120
    7%
    $241,540
  • Comparable approach

    Method
    Valuation
    Relative Method
    $237,607
    Geo Method
    $237,607
  • Alternative Use

    Use
    Valuation
    Residential
    $219,421
    Hospitality
    $200,989
    Educational
    $167,220
    Medical
    $172,971
    Retail
    $260,120
5228 Mahoning Ave, Austintown, Ohio

Location Insight

City
Youngstown
County
Mahoning
State
Ohio
Latitude
41.0999
Longitude
-80.7574
CBSA code
49660
CBSA name
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,322
$84,000
$100,330
$184,330
-
$240,000
$286,660
$526,660

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].