1381 Bellefontaine St - Freestanding FOR SALE


Wapakoneta, OH 45895
$2,832,000 USD
508-272-0585
1381 Bellefontaine St, Wapakoneta, OH for Sale
$2,832,000 USD
Freestanding - FOR SALE
1/9
null | 6.25% Cap Rate

1381 Bellefontaine St
Wapakoneta, OH 45895


OVERVIEW

Atlantic Capital Partners is pleased to present for sale the newly constructed Starbucks located at 1381 Bellefontaine Street in Wapakoneta, Ohio. This 2,300 SF asset has been 100% occupied by Starbucks since October 2024 with unmatched visibility along Bellefontaine Street, just off Exit 111 of I-75 in a dense retail market that features national retailers such as Lowe’s, Walmart, and Aldi. The 12-year lease with Starbucks was signed in 2023 and the rent commenced on 10/1/2024. The lease includes four (4) five (5) year options and 10% rent increases at the start of each option period. Starbucks is currently paying $177,000 which increases in October 2031 to $190,275. This investment combines the advantages of new construction, limited landlord responsibilities, and a stable, long-term passive income stream.

FOR SALE DETAILS

PRICE

$2,832,000 USD

PRICE/SF

$1,301 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

Commercial

APN/PARCEL ID

B07-091-021-00

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.