Brand New 10 yr Starbucks 6.25% CAP | No Mgmt 3112 N Ridge Rd E 2,200 SF 4-Star Retail Building Ashtabula, OH 44004 $4,020,250 CAD ($1,827.39 CAD/SF) 6.25% Cap Rate

• Corporately Backed, Single-Tenant Location with High-Profile, Publicly-Traded Starbucks (NASDAQ: SBUX/S&P “BBB+”/Moody’s “Baa1”): Brand-New Lease with 10 Years of Term Remaining (No Early Termination Rights) Expected to Open December, 2025
• Brand-New Construction on Oversized 1.38-Acre Parcel and Shadow Anchored by ALDI Grocery
• Minimal Landlord Responsibilities as Tenant Handles all Daily Common Area Maintenance with 10% Rental Increases Every 5-Years
• Main Retail Corridor Surrounded by Loads of Other Complimentary Retailers: Aldi, Kentucky Fried Chicken, Home Depot, Kay Jewelers, Chipotle, Red Lobster, Harbor Freight, and directly across from Ashtabula Towne Square
• Strong Tenancy: Annual Revenue Stream of Over $36 Billion Through 38,000 Locations Worldwide
• Positioned with Excellent Frontage Along Ashtabula’s Main Roadway (US-20) with Over 21,600 VPD Surrounding the Starbucks and Directly Adjacent to Major Highway Route 11 and Just North of I-90, Which Travels Between Cleveland and Erie, PA
• Latest Starbucks “Prototype Look” Including Drive-Thru Lane, Patio and Highly Visible Pylon Signage
• Sits 1.5 Miles from Edgewood High School, Drawing Loads of Visitors to the Popular Coffee Shop
• Major Employer: Ashtabula Regional Medical Center (ARMC) Serves the People of the County and the Surrounding Areas (2.5 Miles, 1,250 Employees)
• Ideal Demographics with Average Household Incomes of Approx. $76,000 with Commuter Traffic and Strategic Location Equidistant from Both Major Cities, Cleveland and Erie
• Strong Employment Base: Headquarters for Molded Fiber Glass Companies (Approx. 1,000 Employees), Plastpro (150+ Employees), Iten Defense, and Grand River Rubber and Plastics (Over 200 Employees), and Kennametal, Inc.
• Major Draw from Kent State University at Ashtabula, Serving Approx. 1,700 Students and Staff of Over 100