508 Trenton Ave, Findlay, OH 45840-3750
- Drive through restaurants
- 2,668 SF
- 0.98 lot acres
Current Use by Public Records
- Starbucks / Cafe & Coffee Shop
Property Details for 508 Trenton Ave
- Year built
- 2022
- Lot size
- 0.98 lot acres
- Property type
- Drive through restaurants
- APN
- 210001033077
- APU
- 210001033077
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 19, 2025 | $2,050,000 | Agree Central LLC | Findlay Oh 508 W Trenton LLC | Deed | — |
| Aug 16, 2022 | $450,433 | Findlay Oh 508 W Trenton LLC | Kb Properties Ohio LLC | Warranty Deed | $1.8M · Associated Bank NA |
Description
This exceptional investment opportunity presents a fee-simple ownership of a Starbucks located at 508 W Trenton Ave, Findlay, OH 45840. The 2,225 square foot, single-tenant building, constructed in 2023, sits on a 0.97-acre lot and boasts a double drive-thru and outdoor patio. The property benefits from a strong location on a primary retail corridor near I-75 and US Route 224, anchored by a Walmart Supercenter and proximate to the University of Findlay. The current tenant, Starbucks, holds a 10-year net lease (NN) with over 9 years remaining, followed by four 5-year renewal options. The lease includes attractive 10% rent bumps every five years, providing a hedge against inflation. The property generates a substantial net operating income (NOI) of $142,003, resulting in a 6.50% cap rate. The asking price is $2,184,665. Starbucks, with its investment-grade credit rating, ensures a secure and stable investment. The property's strategic location, coupled with the strong demographics (over 40,200 people within a 3-mile radius, average household income exceeding $93,093) and high daily traffic counts (over 21,800 vehicles daily on West Trenton Avenue), contributes to its exceptional investment potential. The property also features a solar canopy, with tenant responsibility for maintenance and repairs. This is a rare opportunity to acquire a high-performing, corporate-guaranteed Starbucks investment property in a thriving Ohio market.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Findlay
- County
- Hancock
- State
- Ohio
- Longitude
- -83.6586
- Latitude
- 41.0589
- CBSA code
- 22300
- CBSA name
- FINDLAY, OH MICROPOLITAN STATISTICAL AREA
