508 Trenton Ave Findlay, OH 45840-3750

Property Details for 508 Trenton Ave

Year built

2022

Lot size

0.98 lot acres

Property size

2,668 SF

Property type

Drive through restaurants

APN

210001033077

APU

210001033077

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.