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28926860
28926861

2005 August Dr, Ontario, OH 44906

SCEF Real Estate Ventures
Listed by SCEF Real Estate Ventures
$3,050,000
172 days on market
Updated 23 days ago

Starbucks for sale or pref/equity partnership offering

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,600
Cap Rate 5.85%
NOI $189,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NNN
Lease Term 10.2
Lease Expiration 02/29/2036
Remaining Term 9.7
Lease Options 4 - 5 year options
Price per SqFt $1,173
Class A
Year Built 2025
Acreage 0.930
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/10/2025
Occupancy Date 10/10/2025
Ground Lease No
Ownership Fee simple
Sale Condition For sale by owner

Retail | 5.85% CAP | 2,600 SqFt

Marketing description

Completed in 2025, the property showcases Starbucks’ newest drive-thru design and is perfectly situated to serve both local commuters and regional customers within a 45-mile radius covering 15 counties. Located just east of Lexington-Springmill Road in the main retail corridor, it has already delivered outstanding results, with sales more than double the national average..

The site boasts great visibility and easy access from Lexington-Springmill Road, located in a busy retail corridor with major national retailers like The Home Depot, Walmart, Menard’s, Meijer, and Lowe’s. Nearby, Avita Health System employs 1,600 staff, including 117 physicians and advanced practitioners. The system has grown considerably, showing its dedication to delivering quality healthcare to the community. Roof warranty is transferable.

Investment highlights

The lease features 10% rent increases every five years, continuing through all four five-year renewal options, ensuring steady income growth and solid long-term value.

Backed by a corporate guarantee, strong investment-grade credit rating (S&P: BBB+), and nationwide brand recognition, Starbucks offers reliable tenancy and a business model built to weather economic downturns at this location.

Listing Contacts

SCEF Real Estate Ventures
Listed by SCEF Real Estate Ventures

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$189,000.00
$15,750.00/mo

Valuation Metrics

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DSCR
6.2%
Cap Rate
6.2%
ROI

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