508 Trenton Ave Findlay, OH 45840-3750

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.