16 Township Road 1429 South Point, OH 45680
- Retail properties
- 2,500 SF
- 0.81 lot acres
Current Use by Public Records
- Retail properties
Property Details for 16 Township Road 1429
- Year built
- 2024
- Lot size
- 0.81 lot acres
- Property size
- 2,500 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 2,500-square-foot Starbucks located at 16 Township Rd 1429, South Point, OH 45680. Built in 2024, this single-tenant, free-standing building sits on a 0.81-acre lot and boasts a 10-year net lease with Starbucks, commencing September 1, 2024, and expiring August 31, 2034. The lease includes four, five-year renewal options with a 10% rent increase every five years. The property's strong location, adjacent to a new ALDI and surrounded by national and regional retailers, ensures high visibility and traffic. With a current NOI of $165,000 and a 6.40% cap rate, this property offers a compelling passive income stream for investors. The asking price is $2,578,125, translating to $1,031.25 per square foot. The property is a fee-simple ownership and features a 100% occupancy rate. The high traffic count of approximately 30,000 vehicles per day further enhances the investment potential. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with a strong tenant and significant long-term growth potential. The property's APN is 06-124-1700.000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- South Point
- County
- Lawrence
- State
- Ohio
- Longitude
- -82.5114
- Latitude
- 38.416
