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STARBUCKS w/ DR-THRU | 12 YEAR LEASE 1381 Bellefontaine St

2,300 SF Retail Building Wapakoneta, OH 45895 $2,744,186 ($1,193/SF) 6.45% Cap Rate

Retail Buildings Ohio Wapakoneta 1381 Bellefontaine St, Wapakoneta, OH 45895

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.com
Tenant 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 Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,300 SF
Building Class
C
Year Built
2024
Price
$2,744,186
Price Per SF
$1,193
Cap Rate
6.45%
NOI
$177,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
0.72 AC
Zoning
Commercial - Commercial use, retail less than 10k
Parking
58 Spaces (25.22 Spaces per 1,000 SF Leased)
Frontage
224 FT on Bellefontaine St

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Starbucks
  • Retailer
  • 2,300 SF
  • -
  • Triple Net
  • Dec 2036
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Starbucks Retailer 2,300 SF - Triple Net Dec 2036

Links

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PROPERTY TAXES

Parcel Number B07-091-021-00 Improvements Assessment $44,270
Land Assessment $31,550 Total Assessment $75,820

PROPERTY TAXES

Parcel Number
B07-091-021-00
Land Assessment
$31,550
Improvements Assessment
$44,270
Total Assessment
$75,820
(858) 373-3184

  • Listing ID: 32113355

  • Date on Market: 6/12/2024

  • Last Updated:

  • Address: 1381 Bellefontaine St, Wapakoneta, OH 45895

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STARBUCKS w/ DR-THRU | 12 YEAR LEASE | 1381 Bellefontaine St
(858) 373-3184 x

STARBUCKS w/ DR-THRU | 12 YEAR LEASE | 1381 Bellefontaine St

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Alvin Mansour

(858) 373-3184

(858) 373-3184

David Kern

(858) 373-3185

(858) 373-3185

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