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Restaurant

Starbucks - New Construction - Indianapolis MSA

720 Henderson Way, Pendleton, IN 46064

Listing Price: $2,625,357

Cap Rate
5.45%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Gross SF
2,300
Guarantor
Corporate Guarantee
Rentable SF
2,300
Price/Gross SF
$1,141.46
Lease Type
Double Net
Rent Per Square Feet
$62.21

Investment Overview

Brand New Class A Construction | Ten-Year Lease with Corporate Guarantee | No Early Termination or Kick Out Clause | Rent Increases Throughout Primary Term and Options

Freestanding Starbucks (S&P: BBB+) with Drive-Through directly off I-69 Exit (78,242 VPD)

Located in the Southeastern Quadrant of the Pendleton I-69 Interchange Master Plan, a 2,325-Acre Planned Development at the Interchange of I-69 and SR 38 | One Mile from Four Future Residential Districts and One Multi-Family Residential District Containing Over 1,100 Acres | Click Here

Outparcel to Pendleton Business Park with Future Planned Expansion to 264 Acres | The SE Quadrant Contains the Current Pendleton Business Park, a Future Residential District of 217 Acres, the Health & Wellness Center – Part of the Future 178-Acre Falls Pointe Health & Wellness District, Which Will Include Medical Facilities, Sports Complexes, and a Nature Park and Trails | Click Here

In 2024, the Pendleton Town Council Approved Rezoning for a New 98-Acre, 200-Home Subdivision Southeast of CR 600 and SR 38

Ten-Mile Population Grew by 47% from 2000 | Pendleton is Located Five Miles from Hamilton County | Hamilton County is the Fastest Growing County in Indiana

Pendleton is an Affluent, Booming Northeastern Suburb of Indianapolis | Located Just 16 Miles from the Corporate Limits of Indianapolis | Pendleton is Part of the Growing Indianapolis MSA – the 16th Largest Metro in the US

Investment Highlights

  • Freestanding Starbucks (S&P: BBB+) with Drive-Through Directly Off I-69 Exit (78,242 Vehicles Per Day)
  • Brand New Class A Construction | Ten-Year Lease with Corporate Guarantee | No Early Termination or Kick Out Clause | Rent Increases Throughout Primary Term and Options
  • Pendleton is an Affluent, Booming Northeastern Suburb of Indianapolis | Located 16 Miles from the Corporate Limits of Indianapolis | Part of the Growing Indianapolis MSA - 16th Largest in US

Exclusively Listed By

Restaurant

Starbucks - New Construction - Indianapolis MSA

Listing Price: $2,625,357

Cap Rate
5.45%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Gross SF
2,300
Guarantor
Corporate Guarantee
Rentable SF
2,300
Price/Gross SF
$1,141.46
Lease Type
Double Net
Rent Per Square Feet
$62.21

Investment Highlights

  • Freestanding Starbucks (S&P: BBB+) with Drive-Through Directly Off I-69 Exit (78,242 Vehicles Per Day)
  • Brand New Class A Construction | Ten-Year Lease with Corporate Guarantee | No Early Termination or Kick Out Clause | Rent Increases Throughout Primary Term and Options
  • Pendleton is an Affluent, Booming Northeastern Suburb of Indianapolis | Located 16 Miles from the Corporate Limits of Indianapolis | Part of the Growing Indianapolis MSA - 16th Largest in US

Investment Overview

Brand New Class A Construction | Ten-Year Lease with Corporate Guarantee | No Early Termination or Kick Out Clause | Rent Increases Throughout Primary Term and Options Freestanding Starbucks (S&P: BBB+) with Drive-Through directly off I-69 Exit (78,242 VPD) Located in the Southeastern Quadrant of the Pendleton I-69 Interchange Master Plan, a 2,325-Acre Planned Development at the Interchange of I-69 and SR 38 | One Mile from Four Future Residential Districts and One Multi-Family Residential District Containing Over 1,100 Acres | Click Here Outparcel to Pendleton Business Park with Future Planned Expansion to 264 Acres | The SE Quadrant Contains the Current Pendleton Business Park, a Future Residential District of 217 Acres, the Health & Wellness Center – Part of the Future 178-Acre Falls Pointe Health & Wellness District, Which Will Include Medical Facilities, Sports Complexes, and a Nature Park and Trails | Click Here In 2024, the Pendleton Town Council Approved Rezoning for a New 98-Acre, 200-Home Subdivision Southeast of CR 600 and SR 38 Ten-Mile Population Grew by 47% from 2000 | Pendleton is Located Five Miles from Hamilton County | Hamilton County is the Fastest Growing County in Indiana Pendleton is an Affluent, Booming Northeastern Suburb of Indianapolis | Located Just 16 Miles from the Corporate Limits of Indianapolis | Pendleton is Part of the Growing Indianapolis MSA – the 16th Largest Metro in the US

Exclusively Listed By

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