2001 Main St Springfield, OH 45503

Property Details for 2001 Main St

Year built

1968

Construction

BRICK

Lot size

0.18 lot acres

Property size

1,638 SF

Property type

Retail space

APN

340-07-00023-314-057

APU

3400700023314057

Description

This exceptional investment opportunity presents a brand-new, 510-square-foot 7 Brew coffee shop situated on a 0.47-acre lot in Springfield, Ohio. Built in 2024, this single-story building boasts a prime location at the signalized intersection of E Main St and N Belmont Ave, benefiting from high visibility and significant daily traffic (30,500 vehicles). The property is strategically located near major retailers including Save-A-Lot, Family Dollar, Wingstop, and a Walmart Supercenter, ensuring strong consumer traffic and synergy. The absolute NNN lease with the franchisee, Brew Team OH, features a 15-year term with three 5-year options, each including a 10% rent increase. This provides a stable, long-term income stream with built-in inflation protection. The property offers 10 parking spaces and is zoned CC-2 Community Commercial District. With a 6.50% cap rate and a $90,000 annual net operating income (NOI), this represents a compelling investment opportunity with minimal landlord responsibilities. The asking price is $1,385,000, translating to $2,715.69 per square foot. The 5-mile trade area boasts a population exceeding 79,400, with an average household income of $70,249, further solidifying the investment's potential. This is a truly passive investment opportunity with a strong tenant and a secure lease structure.

Location Insight

City

Springfield

County

Clark

State

Ohio

Longitude

-83.7793

Latitude

39.923

CBSA code

44220

CBSA name

SPRINGFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments