About This Restaurant
Investment Highlights
12 Year Starbucks Featuring 7.5% Rental Increases at Year 8 and at Each Option. Brand New 2024 High Quality Construction w/ Drive-Thru. Starbucks has a S&P Investment Grade Credit Rating of ?BBB+? and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $35.97B. Adjacent to Walmart Supercenter and directly Across from Lowe?s Home Improvement. Near Numerous other National Retailers & Restaurants. Positioned Along Area?s Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 12k Vehicles. The Site is located along Bellefontaine St, which acts as One of the Main Roads in and out of the City of Wapakoneta. Located just East of Wapakoneta?s Industrial Hub - Surrounded by Numerous Light Industrial, Manufacturing Plants and Distribution Centers.
Executive Summary
Ohio Broker of Record: Michael Glass | 500 Neil Ave., Ste. 100 Columbus, OH 43215 | P: (614) 360-9800 | Lic. # BRK.2007005898 | Michael.Glass@MarcusMillichap.comTenant Self Maintains | Brand New 2024 High Quality Construction | Adjacent to Walmart Supercenter and Across Lowe?s | Along One of the City?s Main Roads | Immediate Access to/from I-75
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Fast Food General Retail Restaurant General Retail Storefront Freestanding
- Building Size 2,300
- Building Class C
- Year Built 2024
- Price 2,950,000
- Price Per SF 1,283
- Cap Rate 6
- NOI 177,000
- Percent Leased 100
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 0.72 AC
Property Taxes
| Parcel Number | B07-091-021-00 | Improvements Assessment | $31,550 |
| Land Assessment | $44,270 | Total Assessment | $75,820 |
| Date Created: | 2024-07-16 04:18:04 | Last Updated: | 2024-07-16 04:18:04 |
| Address: | 1381 Bellefontaine St , Wapakoneta, Ohio, 45895 | ||