4492 Indian Ripple Rd Dayton, OH 45440-3203

Property Details for 4492 Indian Ripple Rd

Year built

2017

Lot size

0.58 lot acres

Property size

2,426 SF

Property type

Drive through restaurants

APN

B42-0003-0007.0-0189.00

APU

B42000300070018900

Description

Exceptional investment opportunity featuring a Starbucks located at 4492 Indian Ripple Rd, Beavercreek, OH 45430. This fee-simple property boasts a 2,440 square foot building on a 0.58-acre lot, constructed in 2017. The property benefits from a strong 10.5-year remaining lease term (expiring 05/31/2035) with a highly reputable tenant, Starbucks Corporation, and includes four to five-year renewal options. The lease is a Net Lease (NN) structure with rent bumps of 10% on 6/1/2032 and every five years thereafter. The current annual Net Operating Income (NOI) is $116,168, resulting in a compelling 5.85% cap rate. The property features 22 parking spaces and enjoys excellent visibility and accessibility, with strong frontage on Indian Ripple Rd and proximity to I-675 (80,856 cars per day). The location is strategically situated across from The Greene Shopping Center and surrounded by other popular retailers, including At Home, Raising Cane's, Esporta Fitness, Forever 21, Nordstrom Rack, and Cinemark. The surrounding area demonstrates strong demographics, with over 196,588 residents within a five-mile radius and an average household income exceeding $106,691. Beavercreek, Ohio, is a thriving community, ranked #1 Best Place to Live in Ohio by Travel+Leisure 2024, and benefits from the proximity of Wright-Patterson Air Force Base. The property's APN is B42-0003-0007-0-0189-00. This is a rare opportunity to acquire a high-performing, passively managed investment with a blue-chip tenant in a prime location. Asking price: $1,986,000.

Location Insight

City

Dayton

County

Greene

State

Ohio

Longitude

-84.1051

Latitude

39.6975

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments