6700 Roosevelt Ave Middletown, OH 45044
- Retail properties
- 1,649 SF
- 0.90 lot acres
Current Use by Public Records
- Retail properties
Property Details for 6700 Roosevelt Ave
- Year built
- 2024
- Lot size
- 0.90 lot acres
- Property size
- 1,649 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 1,649 square foot Starbucks located at 6700 Roosevelt Ave, Middletown, OH 45044. Built in 2024, this free-standing building sits on a 0.9-acre lot and boasts a fresh 10-year net lease with a corporate guarantee from Starbucks (S&P credit rating BBB+). The lease commences December 31, 2024, and includes four five-year renewal options with a 10% rent bump at each option. The property generates a strong NOI of $153,500, resulting in a 6.75% cap rate. The strategic location in Middletown, Ohio, benefits from high traffic volume (28,900+ vehicles daily) and a desirable demographic with average household incomes exceeding $78,254 within a one-mile radius. The property is 100% occupied, offering minimal landlord responsibilities and significant long-term investment potential. With over 295,000 residents within a 10-mile radius, this Starbucks represents a secure and lucrative investment opportunity. The asking price is $2,275,000, translating to $1,379.62 per square foot. There is no early termination option.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Butler
- State
- Ohio
- Longitude
- -84.3375
- Latitude
- 39.4939
