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Retail | 6% CAP | 2,600 SqFt
Marketing description
Completed in 2025, the property features Starbucks’ latest drive-thru prototype and is strategically positioned to serve both local residents and regional consumers drawn from a 45-mile trade area encompassing 15 counties. Located just east of Lexington-Springmill Road within Ontario’s primary retail corridor, the store has significantly exceeded performance expectations, generating sales volumes more than double the national average.
The site benefits from exceptional visibility, convenient access, and strong traffic generators along Lexington-Springmill Road. Surrounding national retailers include The Home Depot, Walmart, Menards, Meijer, and Lowe's, creating a dominant regional shopping destination. The property is also located near Avita Health System, a major area employer with approximately 1,600 employees, including 117 physicians and advanced practice providers. Continued expansion by Avita underscores the strength of the local economy and its commitment to serving the healthcare needs of the region.
Further enhancing the investment profile, the property is brand-new construction with a transferable roof warranty, helping to minimize future capital expenditure requirements and ownership risk.
Investment highlights
Brand-new construction featuring a transferable roof warranty, minimizing near-term capital expenditure risk. The lease includes 10% rental increases every five years, extending through all four five-year renewal options, providing predictable income growth and enhancing long-term asset value.
The property is leased to Starbucks Corporation, backed by a corporate guarantee, a strong investment-grade credit rating (S&P: BBB+), and one of the most recognized consumer brands in the world. With a proven business model designed to perform through varying economic cycles, Starbucks offers investors stable cash flow, dependable tenancy, and long-term security at this location.
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