Starbucks | New 10-Year Corporate Lease 6700 Roosevelt Ave 1,649 SF Retail Building Middletown, OH 45044 $3,485,391 CAD ($2,113.64 CAD/SF) 6.15% Cap Rate

The subject property is a newly constructed Starbucks drive-thru located in Middletown (Cincinnati MSA), OH. The brand new 10-year lease is corporately guaranteed by Starbucks (NYSE: SBUX) and includes 10% rental increases every 5-years in the (4) five-year option periods starting in year 11. Starbucks signed the lease without any early termination rights showing their long-term commitment to the site. 
This location is positioned in a high-traffic corridor along Roosevelt Ave, with direct access to I-75. It is strategically located at a signalized intersection with traffic counts exceeding 44,000 vehicles per day. The site benefits from its excellent visibility and access along I-75, which boasts 119,000 vehicles per day. 
The property is 30-minutes from Dayton and Cincinnati, with a combined MSA population of over 3 million people, the 18th largest in the country. With over 90,000 residents in 5-Miles, this investment offers a stable, long-term income stream backed by one of the most reputable global coffee brands in the world.
 
National retailers in the immediate vicinity include McDonald’s, Applebee’s, Olive Garden, Mattress Firm, Aldi, Planet Fitness, Chipotle, GNC, Aspen Dental, KFC, Enterprise, Jersey Mike’s, Bob Evan’s, Davita, Kohl’s, Subway and many more