3111 N Rdg Usr 20 Rd Ashtabula, OH

This corporately backed, single-tenant Starbucks location features a brand-new lease with 10 years of term remaining and no early termination rights. The expected opening is December 2025. The property is a new construction on an oversized 1.38-acre parcel, shadow-anchored by ALDI Grocery. The tenant handles all daily common area maintenance, with 10% rental increases every 5 years. The location is in a main retail corridor surrounded by retailers such as Aldi, Kentucky Fried Chicken, Home Depot, Kay Jewelers, Chipotle, Red Lobster, and Harbor Freight, and directly across from Ashtabula Towne Square. Starbucks has an annual revenue stream of over $36 billion through 38,000 locations worldwide. The property is positioned with frontage along Ashtabula’s main roadway (US-20) with over 21,600 vehicles per day, adjacent to major Highway Route 11 and just north of I-90. It features the latest Starbucks prototype look, including a drive-thru lane, patio, and highly visible pylon signage. The site is 1.5 miles from Edgewood High School. Ashtabula Regional Medical Center (ARMC), a major employer with 1,250 employees, is 2.5 miles away. The area has average household incomes of approximately $76,000, with commuter traffic and a strategic location equidistant from Cleveland and Erie. The location benefits from a strong employment base, including Molded Fiber Glass Companies, Plastpro, Iten Defense, Grand River Rubber and Plastics, and Kennametal, Inc. Kent State University at Ashtabula, serving approximately 1,700 students and staff of over 100, is a major draw.