5228 Mahoning Ave Youngstown, OH 44515-1806

This exceptional investment opportunity presents a fee-simple, single-tenant Starbucks located at 5228 Mahoning Ave, Austintown, OH 44515. The property boasts a 1,000 square foot building constructed in 2022, operating as a drive-thru only location, reflecting the latest QSR coffee retail prototype. This prime retail space is situated on a 0.55-acre lot with excellent visibility and frontage on Mahoning Ave, a major east-west commuter artery with 24,689 vehicles per day. The property benefits from a shared signalized entrance/exit, providing virtually direct access. It's strategically positioned as an outparcel to a Giant Eagle grocery store, leveraging the high traffic generated by this established anchor tenant. The property enjoys a 100% occupancy rate with a strong, credit-rated tenant, Starbucks Corporation (NYSE: SBUX), under a double-net lease with minimal landlord responsibilities (roof/structure only). The current lease, expiring February 28, 2033, includes four, five-year options with a 10% rent increase in March 2028 and subsequent options. The current annual net operating income (NOI) is $99,000, resulting in a 5.25% cap rate. The asking price is $1,886,000, translating to $1,886 per square foot. The property is located just 0.15 miles from Route 11 exit ramps (30,928 vehicles per day), further enhancing its accessibility and visibility. The surrounding area features a robust mix of retail and restaurant establishments, including well-known national brands. The location benefits from a dense population base, with 40,983 residents within a 3-mile radius and 82,058 within a 5-mile radius. Austintown, a large suburb of Youngstown, boasts highly-rated public schools. This is a rare opportunity to acquire a high-performing, low-risk investment in a prime location within the Youngstown MSA, a market with a population of 430,000 and numerous major employers.