117 Point Dr Mount Orab, OH 45154
- Commercial land
- 0.82 lot acres
Current Use by Public Records
- Commercial land
Property Details for 117 Point Dr
- Lot size
- 0.82 lot acres
- Property type
- Commercial land
- APN
- 11-018112-00-24
- APU
- 110181120024
Description
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.
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
- Mount Orab
- County
- Brown
- State
- Ohio
- Longitude
- -83.9221
- Latitude
- 39.0431
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
