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Restaurant

Brand New Starbucks w/ Drive-Thru | Outside Cincinnati, OH | Across from Kroger Marketplace

208 Mary Grubbs Highway, Walton (Outside Cincinnati, OH), KY 41094

Listing Price: $2,724,571

Cap Rate
5.25%
Tenant Name
Starbucks
Years Remaining On Lease
10.4
Gross SF
2,400
Guarantor
Corporate Guarantee
Rentable SF
2,400
Price/Gross SF
$1,135.24
Lease Type
Double Net
Rent Per Square Feet
$59.60

Investment Overview

Walton is a home rule-class city in Boone and Kenton counties in the U.S. state of Kentucky. Walton is located in southeastern Boone County and extends slightly into southwestern Kenton County. U.S. Route 25 (Main Street) runs through the center of the city, and Interstates 75 and 71 diverge just west of the city limits. Access to the city from I-75 is via exit 171 (Kentucky Routes 14 and 16). Downtown Cincinnati is 21 miles to the north, Lexington is 64 miles (103 km) south via I-75, and Louisville is 82 miles to the southwest via I-71. Walton is the highest point between Cincinnati and Louisville. Boone County is a county located in the northern part of the U.S. state of Kentucky and is the fourth-most populous county in Kentucky. Its county seat is Burlington. Boone County, with Kenton and Campbell Counties, is of the Northern Kentucky metro area, and the Cincinnati-Middletown, OH-KY-IN Metropolitan Statistical Area. It is the location of the Cincinnati/Northern Kentucky International Airport, which serves Cincinnati and the tri-state area and was the former headquarters of Comair.

Investment Highlights

  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #114 on the Fortune 500 List with an Annual Revenue of more than $26.5 Billion.
  • Located Across from a Kroger Marketplace and Surrounded by Numerous National Retailers and Restaurants.
  • Affluent Area: Features an Average Household Income of more than $125k within a 5-Mile Radius.
  • Walking Distance from Walton-Verona High School and St. Joseph Academy.
  • Brand New Construction w/ Drive-Thru - New 10 Year Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. No Early Termination Right.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 12k Vehicles. Immediate Access to/from I-75 (55k+ VPD).

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s) KY: 242197

    Kentucky

Restaurant

Brand New Starbucks w/ Drive-Thru | Outside Cincinnati, OH | Across from Kroger Marketplace

Listing Price: $2,724,571

Cap Rate
5.25%
Tenant Name
Starbucks
Years Remaining On Lease
10.4
Gross SF
2,400
Guarantor
Corporate Guarantee
Rentable SF
2,400
Price/Gross SF
$1,135.24
Lease Type
Double Net
Rent Per Square Feet
$59.60

Investment Highlights

  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #114 on the Fortune 500 List with an Annual Revenue of more than $26.5 Billion.
  • Located Across from a Kroger Marketplace and Surrounded by Numerous National Retailers and Restaurants.
  • Affluent Area: Features an Average Household Income of more than $125k within a 5-Mile Radius.
  • Walking Distance from Walton-Verona High School and St. Joseph Academy.
  • Brand New Construction w/ Drive-Thru - New 10 Year Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. No Early Termination Right.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 12k Vehicles. Immediate Access to/from I-75 (55k+ VPD).

Investment Overview

Walton is a home rule-class city in Boone and Kenton counties in the U.S. state of Kentucky. Walton is located in southeastern Boone County and extends slightly into southwestern Kenton County. U.S. Route 25 (Main Street) runs through the center of the city, and Interstates 75 and 71 diverge just west of the city limits. Access to the city from I-75 is via exit 171 (Kentucky Routes 14 and 16). Downtown Cincinnati is 21 miles to the north, Lexington is 64 miles (103 km) south via I-75, and Louisville is 82 miles to the southwest via I-71. Walton is the highest point between Cincinnati and Louisville. Boone County is a county located in the northern part of the U.S. state of Kentucky and is the fourth-most populous county in Kentucky. Its county seat is Burlington. Boone County, with Kenton and Campbell Counties, is of the Northern Kentucky metro area, and the Cincinnati-Middletown, OH-KY-IN Metropolitan Statistical Area. It is the location of the Cincinnati/Northern Kentucky International Airport, which serves Cincinnati and the tri-state area and was the former headquarters of Comair.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s): KY: 242197

    Kentucky

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