117 Pt Dr Mount Orab, OH 45154-8366
Property profile & analytics
117 Pt Dr Mount Orab, OH 45154-8366
- Commercial land
- 0.82 lot acres
Property ID
US66-4384063
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 117 Pt 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 Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,084
$50,630
$0.00
$50,630
-
$144,660
$0.00
$144,660
