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Restaurant

Starbucks | New Construction 2023

14528 Herriman Blvd, Noblesville, IN 46060

Listing Price: $2,973,230

Cap Rate
5.65%
Tenant Name
Starbucks
Gross SF
2,225
Guarantor
Corporate Guarantee
Rentable SF
2,225
Price/Gross SF
$1,336.28
Lease Type
Double Net
Rent Per Square Feet
$75.50

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.

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

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Restaurant

Starbucks | New Construction 2023

Listing Price: $2,973,230

Cap Rate
5.65%
Tenant Name
Starbucks
Gross SF
2,225
Guarantor
Corporate Guarantee
Rentable SF
2,225
Price/Gross SF
$1,336.28
Lease Type
Double Net
Rent Per Square Feet
$75.50

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

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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