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Restaurant

Starbucks - New 10 Yr Lease

Route 30 & N Line St, Columbia City, IN 46725

Listing Price: $2,056,000

Cap Rate
5.40%
Tenant Name
Starbucks
Years Remaining On Lease
10.2
Gross SF
2,225
Guarantor
Corporate Guarantee
Rentable SF
2,225
Price/Gross SF
$924.04
Lease Type
Double Net
Rent Per Square Feet
$49.89

Investment Overview

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.” The company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores. Columbia City is a city in Columbia Township, Whitley County, in the state of Indiana. The county seat of Whitley County, Columbia City is home to approximately 10,000 residents. Established as a city in 1888 and located in northeast Indiana, the city spans an area of 5.21 square-miles. The city is home to both local and brand name restaurants and retailers, as well as an abundance of outdoor recreation opportunities. Columbia City also hosts several annual festivals and events, a Veterans’ Marathon, Half-Marathon, and a Heroes’ 5K race.

Investment Highlights

  • Brand New 10-Year Corporate-Guaranteed Lease with Starbucks (NASDAQ: SBUX)
  • New 2022 Construction with a Drive-Through
  • 7.5 Percent Rental Increases Every Five Years
  • Excellent Highway Frontage, Visible to 25,600+ Cars per Day Along US Highway 30
  • Dense Retail Corridor Across from Walmart and Kroger-Anchored Centers and Surrounded by National Tenants Including ALDI, McDonald's, Burger King, and More
  • 15,085 Residents in the Surrounding Trade Area - Households Projected to Increase Over 4 Percent within a Three-Mile Radius by 2026
  • Average Household Income Exceeds $78,000 within a Five-Mile Radius
  • Close Proximity to the Heavily-Trafficked Intersection of US Highway 30 and North Main Street (41,600+ Combined Cars per Day)

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Restaurant

Starbucks - New 10 Yr Lease

Listing Price: $2,056,000

Cap Rate
5.40%
Tenant Name
Starbucks
Years Remaining On Lease
10.2
Gross SF
2,225
Guarantor
Corporate Guarantee
Rentable SF
2,225
Price/Gross SF
$924.04
Lease Type
Double Net
Rent Per Square Feet
$49.89

Investment Highlights

  • Brand New 10-Year Corporate-Guaranteed Lease with Starbucks (NASDAQ: SBUX)
  • New 2022 Construction with a Drive-Through
  • 7.5 Percent Rental Increases Every Five Years
  • Excellent Highway Frontage, Visible to 25,600+ Cars per Day Along US Highway 30
  • Dense Retail Corridor Across from Walmart and Kroger-Anchored Centers and Surrounded by National Tenants Including ALDI, McDonald's, Burger King, and More
  • 15,085 Residents in the Surrounding Trade Area - Households Projected to Increase Over 4 Percent within a Three-Mile Radius by 2026
  • Average Household Income Exceeds $78,000 within a Five-Mile Radius
  • Close Proximity to the Heavily-Trafficked Intersection of US Highway 30 and North Main Street (41,600+ Combined Cars per Day)

Investment Overview

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.” The company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores. Columbia City is a city in Columbia Township, Whitley County, in the state of Indiana. The county seat of Whitley County, Columbia City is home to approximately 10,000 residents. Established as a city in 1888 and located in northeast Indiana, the city spans an area of 5.21 square-miles. The city is home to both local and brand name restaurants and retailers, as well as an abundance of outdoor recreation opportunities. Columbia City also hosts several annual festivals and events, a Veterans’ Marathon, Half-Marathon, and a Heroes’ 5K race.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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