6700 Roosevelt AveMiddletown, OH 45044

For Sale
$2,275,000

Ohio QSR Net Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a brand-new, 1,649 square foot Starbucks located at 6700 Roosevelt Ave, Middletown, OH 45044. Built in 2024, this free-standing building sits on a 0.9-acre lot and boasts a fresh 10-year net lease with a corporate guarantee from Starbucks (S&P credit rating BBB+). The lease commences December 31, 2024, and includes four five-year renewal options with a 10% rent bump at each option. The property generates a strong NOI of $153,500, resulting in a 6.75% cap rate. The strategic location in Middletown, Ohio, benefits from high traffic volume (28,900+ vehicles daily) and a desirable demographic with average household incomes exceeding $78,254 within a one-mile radius. The property is 100% occupied, offering minimal landlord responsibilities and significant long-term investment potential. With over 295,000 residents within a 10-mile radius, this Starbucks represents a secure and lucrative investment opportunity. The asking price is $2,275,000, translating to $1,379.62 per square foot. There is no early termination option.

Highlights

  • Net lease; minimal landlord responsibilities.
  • 1,649 square foot freestanding building on a 0.895-acre lot.
  • Excellent Middletown, Ohio location.
  • High average household income exceeding $78,254 within one mile.
  • Brand new, 2024 built-to-suit construction.
  • Strong demographics: over 295,000 residents within 10 miles.

Property Details for 6700 Roosevelt Ave

Property type
Other retail properties, Individual retail properties
Square Feet
1,649 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
39,204 SF

Location Insight

City
Middletown
County
Butler
State
Ohio
Latitude
39.493931781692
Longitude
-84.337547692281
6700 Roosevelt Ave, Middletown, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6700 Roosevelt Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message