1381 Bellefontaine St Wapakoneta, OH 45895-9733
Property profile & analytics
1381 Bellefontaine St Wapakoneta, OH 45895-9733
- Turn key restaurants
- 2,195 SF
- 0.51 lot acres
Property ID
US66-1906935
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
- Turn key restaurants
Property Details for 1381 Bellefontaine St
- Year built
- 1979
- Lot size
- 0.51 lot acres
- Property size
- 2,195 SF
- Property type
- Turn key restaurants
- APN
- B07-091-021-00
- APU
- B0709102100
Description
Exceptional investment opportunity featuring a brand-new, 2024-built Starbucks with a drive-thru in Wapakoneta, Ohio. This 2,300 square foot Class A retail property boasts a 12.1-year remaining lease term (expiring 12/31/2036) with a corporate guarantee from Starbucks, a Fortune 500 company with an S&P investment grade credit rating of BBB+. The property enjoys a prime location on Bellefontaine Street, a major thoroughfare with over 12,000 vehicles daily, providing excellent visibility and accessibility. Its strategic placement near I-75 (37,000+ vehicles per day), Walmart Supercenter, Lowe's, and other national retailers ensures high traffic and customer volume. The 0.72-acre lot is situated within a thriving retail corridor, close to an industrial hub, the Auglaize County Fairgrounds, and numerous schools, further enhancing its appeal and potential for consistent revenue generation. The lease includes 7.5% rent bumps every five years, offering significant long-term growth potential. The property's strong NOI of $177,000 and a 6.45% cap rate make it an attractive investment with a current asking price of $2,744,186 ($1,193.12/sq ft). This is a rare opportunity to acquire a high-performing, net-leased property anchored by a highly reputable tenant in a desirable location.
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
- Wapakoneta
- County
- Auglaize
- State
- Ohio
- Longitude
- -84.1746
- Latitude
- 40.5629
- CBSA code
- 47540
- CBSA name
- WAPAKONETA, OH MICROPOLITAN 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
$3,151
$31,550
$44,270
$75,820
-
$90,150
$126,480
$216,630
