1381 Bellefontaine St, Wapakoneta, OH 45895-9733

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.