Restaurant
Starbucks | New Construction 2023
14528 Herriman Blvd, Noblesville, IN 46060
Listing Price: $2,973,230
Investment Overview
Marcus & Millichap is pleased to present this New Construction Starbucks in Noblesville, Indiana (Indianapolis MSA). The building is situated on a 0.92 acre lot. The property is currently in the construction phase and is estimated to be delivered by August 2023. The tenant will be operating on 10-year, corporately guaranteed, double-net lease. 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 2023
Investment Highlights
- Part of a 3 Property Portfolio | Offered as a Portfolio or Individually
- Brand New 2023 Construction | Estimated Delivery: August 2023
- Corporate NN Lease | 7.5% Rent Increases in Year 6 & in Options
- Situated Across from Urban Air Adventure Park, CVS, Sherwin-Williams & Multiple Banks
- 142-Acre Flex-Industrial Development 1 Mile North of the Property | Large Corporate Office Nearby (SMC Corporation: 1,498 Employees)
- High Visibility off Indiana Hwy-37 & E 146th St (70,684 VPD Combined)
- Indianapolis Metro Area | Growing, Affluent Demographics
- 159,971 Residents & Average Household Income of $145,669 with 5 Miles
Exclusively Listed By
Broker of Record
Listing Price: $2,973,230
Investment Highlights
- Part of a 3 Property Portfolio | Offered as a Portfolio or Individually
- Brand New 2023 Construction | Estimated Delivery: August 2023
- Corporate NN Lease | 7.5% Rent Increases in Year 6 & in Options
- Situated Across from Urban Air Adventure Park, CVS, Sherwin-Williams & Multiple Banks
- 142-Acre Flex-Industrial Development 1 Mile North of the Property | Large Corporate Office Nearby (SMC Corporation: 1,498 Employees)
- High Visibility off Indiana Hwy-37 & E 146th St (70,684 VPD Combined)
- Indianapolis Metro Area | Growing, Affluent Demographics
- 159,971 Residents & Average Household Income of $145,669 with 5 Miles
Investment Overview
Marcus & Millichap is pleased to present this New Construction Starbucks in Noblesville, Indiana (Indianapolis MSA). The building is situated on a 0.92 acre lot. The property is currently in the construction phase and is estimated to be delivered by August 2023. The tenant will be operating on 10-year, corporately guaranteed, double-net lease. 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
