Freestanding Starbucks
For Sale
Contact for pricing
1150 Smiley Avenue, Cincinnati, OH 45240
Fee-simple interest in a freestanding Starbucks with drive-thru, occupied since 2007 under a recently extended, corporately guaranteed lease.
Property SizeContact for details
Days on Market122
Property Features for 1150 Smiley Avenue
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
107,573 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
5.65%
Listing Agency:
Goodman Real Estate Services Group LLC
(216) 381-8200
Listed By:
Kyle Hartung · License #OH SAL.2003016343
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 4:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Goodman Real Estate Services Group LLC
Investment Insights
Based on property information with market context.
This offering is for the fee-simple interest in a freestanding Starbucks with a drive-thru. Starbucks has been operating at the location since 2007, and the company recently extended its lease with no early termination clause. The extended lease is corporately guaranteed by Starbucks Corporation and is structured to provide roughly 9 years of corporately guaranteed income.
The property is situated off I-275 and is described as highway-accessible retail. The remarks note over 107,573 vehicles per day and that the site is shadowed/anchored by Walmart. Additional nearby retailers listed in the remarks include Kroger, Meijer, Home Depot, CarMax, Aldi, Cracker Barrel, Panera Bread, Red Lobster, Bass Pro Shops, and multiple national restaurant and banking concepts.
The lease extension provides a long-term, passive structure backed by the Starbucks corporate guaranty, with the current offering presented to qualified investors as a 1031 replacement candidate.
The property is situated off I-275 and is described as highway-accessible retail. The remarks note over 107,573 vehicles per day and that the site is shadowed/anchored by Walmart. Additional nearby retailers listed in the remarks include Kroger, Meijer, Home Depot, CarMax, Aldi, Cracker Barrel, Panera Bread, Red Lobster, Bass Pro Shops, and multiple national restaurant and banking concepts.
The lease extension provides a long-term, passive structure backed by the Starbucks corporate guaranty, with the current offering presented to qualified investors as a 1031 replacement candidate.
Key Highlights
- Fee‑simple interest in a freestanding Starbucks with drive‑thru in Cincinnati, Ohio
- Starbucks has been the tenant since 2007 and recently extended the lease with no early termination clause
- Lease provides roughly 9 years of corporately guaranteed income signed by Starbucks Corporation (S&P A-)
Property Analytics
Current Use
Lease Details
107,573 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45240, OH
28,820
Population
11,485
Households
2.5
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
9.7 sq mi
ZIP Area
2,971
Density / Sq Mi
$66,918
Median Household Income
$38,593
Median Earnings
$1,187
Median Rent
$176,600
Median Home Value
Market
Vacancy Rate% for Retail in Cincinnati, OH
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Similar Off Market Nearby
- Starbucks — 1150 Smiley Ave, Cincinnati, OH 45240
Frequently Asked Questions
What type of property is this?
Coffee shop - Fee-simple interest in a freestanding Starbucks with drive-thru, occupied since 2007 under a recently extended, corporately guaranteed lease.
Where is this coffee shop located?
The property is located at 1150 Smiley Avenue Cincinnati, OH.
What are key features of this property?
This property features: Fee‑simple interest in a freestanding Starbucks with drive‑thru in Cincinnati, Ohio; Starbucks has been the tenant since 2007 and recently extended the lease with no early termination clause; Lease provides roughly 9 years of corporately guaranteed income signed by Starbucks Corporation (S&P A-)
