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2127 E Livingston Ave

1,125 SF 4-Star Retail Building Columbus, OH 43209 $2,470,000 ($2,196/SF) 6.10% Cap Rate

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Investment Highlights

New 10YR 2023 Starbucks Drive-Thru w/ no early terminations
University Area w/ Dense Demographics

Grandfathered Corporate Pylon Billboard | Additional Income

Executive Summary

We are glad to present our exclusively listed brand new construction Starbucks on a ten-year (10-yr) lease with a grandfathered-in pylon sign providing additional income from Outfront Media ($2.65B+ Market Cap) in Central Columbus, Ohio. This is Starbucks’ newest concept and drive-thru-only location. The submarket of Bexley, Ohio, benefits from Capital University and boasts average house price sales well into the $700Ks range and household incomes into the $100Ks. This location has high visibility and accessibility due to its proximity to major roadways and key intersections. The immediate area features a diverse mix of retail, dining, and service-oriented businesses, creating a dynamic commercial environment. Nearby residential neighborhoods contribute to a steady flow of foot traffic and consumer activity. The presence of established national brands and local enterprises underscored the area’s economic vitality and appeal to both investors and tenants.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Fast Food

Building Size

1,125 SF

Building Class

LoopNet Rating

4 Star

Year Built

2023

Price

$2,470,000

Price Per SF

$2,196

Cap Rate

6.10%

NOI

$150,765

Tenancy

Single

Building Height

1 Story

Building FAR

0.05

Land Acres

0.56 AC

Zoning

Frontage

58 FT on E Livingston Ave

Accommodation and Food Services
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Starbuck's story begins in 1971 along the cobblestone streets of Seattle’s historic Pike Place Market. It was here where Starbucks opened its first store, offering fresh-roasted coffee beans, tea and spices from around the world for their customers to take home. Their name was inspired by the classic tale, “Moby-Dick,” evoking the seafaring tradition of the early coffee traders. Starbucks would soon expand to Chicago and Vancouver, Canada and then on to California, Washington, D.C. and New York. By 1996, they would cross the Pacific to open their first store in Japan, followed by Europe in 1998 and China in 1999. Over the next two decades, they would grow to welcome millions of customers each week and become a part of the fabric of tens of thousands of neighborhoods all around the world. In everything they do, they are always dedicated to Their Mission: With every cup, with every conversation, with every community - they nurture the limitless possibilities of human connection.