Skip to main content

Restaurant

Starbucks | New Construction 2022

7755 N Southtown Crossing, Fort Wayne, IN 46816

Listing Price: $2,321,750

Cap Rate
5.75%
Tenant Name
Starbucks
Years Remaining On Lease
9.2
Gross SF
2,225
Guarantor
Corporate Guarantee
Rentable SF
2,225
Price/Gross SF
$1,043.48
Lease Type
Double Net
Rent Per Square Feet
$60.00

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.

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

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Restaurant

Starbucks | New Construction 2022

Listing Price: $2,321,750

Cap Rate
5.75%
Tenant Name
Starbucks
Years Remaining On Lease
9.2
Gross SF
2,225
Guarantor
Corporate Guarantee
Rentable SF
2,225
Price/Gross SF
$1,043.48
Lease Type
Double Net
Rent Per Square Feet
$60.00

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

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

MM Texture Background
MM Textured Background Lower