10894 New Hvn Rd, Harrison, OH 45030-1648
- Drive through restaurants
- 3,647 SF
- 1.35 lot acres
Current Use by Public Records
- starbucks. / Cafe & Coffee Shop
Property Details for 10894 New Hvn Rd
- Year built
- 1989
- Lot size
- 1.35 lot acres
- Property type
- Drive through restaurants
- APN
- 561-0005-0209-00
- APU
- 5610005020900
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 31, 2025 | — | Fsc Sb Harrison Oh LLC | — | Deed · related | $1M · Provident Bank |
| Oct 7, 2022 | $2,832,064 | Fsc Sb Harrison Oh LLC | Harrison Oh 10894 New Haven LLC | Limited Warranty Deed | — |
| Jul 23, 2021 | — | Harrison Oh LLC | — | Deed · related | $1.5M · Associated Bank NA |
| Jul 21, 2021 | $475,000 | 10894 New Haven LLC | J & E Investments Limited Partnersh | Limited Warranty Deed | — |
| Oct 26, 1998 | — | J LP | Przeklsa,emil A & Judith | Grant Deed · related | — |
Description
This exceptional investment opportunity presents a fee-simple interest in a Class A, 2,225 square-foot Starbucks located in Harrison, Ohio (Cincinnati MSA). Built in 2022, this single-tenant property boasts a strong 10-year net lease (NN+) with a credit-rated tenant, commencing September 21, 2022, and expiring February 28, 2033. The lease includes four 5-year renewal options, ensuring long-term stability. The property features a drive-thru capable of handling over 20 vehicles, 59 parking spaces, and is situated on a 1.35-acre lot. The strategic location directly off I-74 and New Haven Road provides exceptional visibility and accessibility, benefiting from high daily vehicle counts. The lease includes a 10% rent increase every five years, protecting against inflation and enhancing returns. The property's strong NOI of $155,764 and a 5.30% cap rate make it an attractive investment. The surrounding area shows significant growth, with a 7% annual population increase over the past three years and an average household income exceeding $85,000. Numerous national retailers are nearby, further solidifying the location's strength. This is a low-management, passive investment opportunity with significant upside potential. The property's asking price is $2,939,000, with a price per square foot of $1,320.90.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,050,000
- ML approach
- $3,005,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Harrison
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.7993
- Latitude
- 39.259
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
