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    117 Point Dr Mount Orab, OH 45154

    For Sale
    $3,248,991

    Ohio NNN Lease, High ROI

    Property size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a fee-simple ownership of a newly constructed (2024) Starbucks located at 117 North Point Dr, Mount Orab, OH 45154. The property boasts a 2,500 square foot building on a 0.82-acre lot, featuring a drive-thru and outdoor patio. A corporate-guaranteed, 15.3-year NNN lease with four, five-year renewal options ensures long-term stability. The lease includes attractive 10% rent bumps every five years, providing a hedge against inflation. The property benefits from a prime location along US Highway 68, a major retail corridor with high visibility and traffic counts exceeding 15,700 vehicles daily. The strong demographics of the area, including an average household income exceeding $93,000 within a 5-mile radius, further enhance the investment potential. The property's NOI is $186,817, resulting in a 5.75% cap rate. The surrounding area includes numerous national retailers, restaurants, and educational institutions, creating a robust and stable trade area. The investment grade credit rating of Starbucks (BBB+ S&P, Baa1 Moody's) adds to the security of this offering. This is a rare opportunity to acquire a high-performing, long-term net lease investment with a nationally recognized tenant in a thriving market. The asking price is $3,248,991.

    Property Features for 117 Point Dr

    General Information

    Property type
    Restaurants
    Square Feet
    2,500 SF
    Lot Size
    35,719 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 15‑year NNN lease with four 5‑year renewal options;
    • New construction Starbucks with drive‑thru and patio, opened September 25, 2024;
    • 10% rent increases every five years;
    • Investment‑grade credit tenant (Starbucks Corp., BBB+ S&P, Baa1 Moody's);
    • High‑visibility location on US Highway 68, near Appalachian Highway on‑ramp, with limited local competition;
    • Strong educational presence within 2.5 miles;
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Orab
    County
    Brown
    State
    Ohio
    Longitude
    -83.92205
    Latitude
    39.0430769

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Restaurant - Ohio NNN Lease, High ROI
    Where is this restaurant located?
    The property is located at 117 Point Dr Mount Orab, OH.
    What is the asking price?
    The asking price for this property is $3,248,991.
    What are key features of this property?
    This property features: 15-year NNN lease with four 5-year renewal options;; New construction Starbucks with drive-thru and patio, opened September 25, 2024;; 10% rent increases every five years;
    Request Owner's contact information
    117 Point Dr Mount Orab, OH 45154
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117 Point Dr Mount Orab, OH 45154
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