Restaurant
Starbucks | New Construction 2022
7755 N Southtown Crossing, Fort Wayne, IN 46816
Listing Price: $2,321,750
Investment Overview
Marcus & Millichap is pleased to present this New Construction Starbucks in Fort Wayne, Indiana. The building is situated on a 0.90 acre lot and is an outparcel to a Menards and Walmart Supercenter. The corporately guaranteed double-net lease has 9.5 years of term remaining. There are scheduled rent increases in year six, and in each of the four five-year option periods.
Starbucks Corporation (Standard & Poor’s BBB+) is the leading roaster, retailer, and marketer of specialty coffee in the world. The company is headquartered in Seattle, Washington and operates over 33,800 locations in 80 markets and over 349,000 employees. The company reported annual revenue of $26.58 billion in 2022, an eight percent increase over the prior year.
Starbucks | New Construction 2022
Investment Highlights
- Part of a 3 Property Portfolio | Offered as a Portfolio or Individually
- Brand New 2022 Construction
- Corporate NN Lease | 7.5% Rent Increases in Year 6 & in Options
- Outparcel to Menards & Walmart Supercenter
- High Visibility off U.S. 27 (12,657 VPD)
- Dense Retail Market | 4.8 Million SF within a 5-Mile Radius
- Downtown Fort Wayne Less than 6 Miles Away
- 96,365 Residents & Average Household Income of $48,749 with 5 Miles
Exclusively Listed By
Broker of Record
Listing Price: $2,321,750
Investment Highlights
- Part of a 3 Property Portfolio | Offered as a Portfolio or Individually
- Brand New 2022 Construction
- Corporate NN Lease | 7.5% Rent Increases in Year 6 & in Options
- Outparcel to Menards & Walmart Supercenter
- High Visibility off U.S. 27 (12,657 VPD)
- Dense Retail Market | 4.8 Million SF within a 5-Mile Radius
- Downtown Fort Wayne Less than 6 Miles Away
- 96,365 Residents & Average Household Income of $48,749 with 5 Miles
Investment Overview
Marcus & Millichap is pleased to present this New Construction Starbucks in Fort Wayne, Indiana. The building is situated on a 0.90 acre lot and is an outparcel to a Menards and Walmart Supercenter. The corporately guaranteed double-net lease has 9.5 years of term remaining. There are scheduled rent increases in year six, and in each of the four five-year option periods. Starbucks Corporation (Standard & Poor’s BBB+) is the leading roaster, retailer, and marketer of specialty coffee in the world. The company is headquartered in Seattle, Washington and operates over 33,800 locations in 80 markets and over 349,000 employees. The company reported annual revenue of $26.58 billion in 2022, an eight percent increase over the prior year.
Exclusively Listed By
Broker of Record
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Josh Caruana
First Vice President/District Manager
