2001 Main StSpringfield, OH 45503

For Sale
$1,385,000

High-yield, NNN-leased 7 Brew coffee shop.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a brand-new, 510-square-foot 7 Brew coffee shop situated on a 0.47-acre lot in Springfield, Ohio. Built in 2024, this single-story building boasts a prime location at the signalized intersection of E Main St and N Belmont Ave, benefiting from high visibility and significant daily traffic (30,500 vehicles). The property is strategically located near major retailers including Save-A-Lot, Family Dollar, Wingstop, and a Walmart Supercenter, ensuring strong consumer traffic and synergy. The absolute NNN lease with the franchisee, Brew Team OH, features a 15-year term with three 5-year options, each including a 10% rent increase. This provides a stable, long-term income stream with built-in inflation protection. The property offers 10 parking spaces and is zoned CC-2 Community Commercial District. With a 6.50% cap rate and a $90,000 annual net operating income (NOI), this represents a compelling investment opportunity with minimal landlord responsibilities. The asking price is $1,385,000, translating to $2,715.69 per square foot. The 5-mile trade area boasts a population exceeding 79,400, with an average household income of $70,249, further solidifying the investment's potential. This is a truly passive investment opportunity with a strong tenant and a secure lease structure.

Highlights

  • Brand new 15-year lease with scheduled rent increases and extension options.
  • Absolute NNN lease; fee simple ownership; no landlord responsibilities; strong franchise tenant.
  • High-visibility hard corner location at a signalized intersection with 30,500 vehicles per day.
  • Strong demographics within a 5-mile radius.

Property Details for 2001 Main St

Property type
Other retail properties, Restaurants
Square Feet
510 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
20,473 SF

Location Insight

City
Springfield
County
Clark
State
Ohio
Latitude
39.9230198
Longitude
-83.7793068
2001 Main St, Springfield, Ohio

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2001 Main St
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