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Restaurant

Starbucks | Out-Parcel to Menards & Walmart | Indiana's 2nd Largest City

7755 N Southtown Crossing, Fort Wayne, IN 46816

Listing Price: $2,282,051

Cap Rate
5.85%
Tenant Name
Starbucks Corporation
Years Remaining On Lease
8.5
Guarantor
Corporate Guarantee
Rentable SF
2,225
Lease Type
Double Net
Rent Per Square Feet
$60.00

Investment Overview

Marcus & Millichap is pleased to present for sale the Starbucks located in Fort Wayne, the second largest city in Indiana.

Investment Highlights

  • Newer 2022 Construction
  • Out-Parcel to Menards and Walmart Supercenter and a Brand-New Culver's is Slatted for Construction to be Completed by 2026
  • Surrounded by National Retailers, New Developments, Residential and Apartment Communities and Close Proximity to the Fort Wayne International Airport
  • 7.5 Percent Rental Increases Every Five Years and in Option Periods
  • Fort Wayne is the Second-Largest City in the State of Indiana, and the Hub of Northeast Indiana
  • +/-56,000 Residents within a Three-Mile Radius with an Average Five-Mile Consumer Spending of +/-$929 Million

Exclusively Listed By

Restaurant

Starbucks | Out-Parcel to Menards & Walmart | Indiana's 2nd Largest City

Listing Price: $2,282,051

Cap Rate
5.85%
Tenant Name
Starbucks Corporation
Years Remaining On Lease
8.5
Guarantor
Corporate Guarantee
Rentable SF
2,225
Lease Type
Double Net
Rent Per Square Feet
$60.00

Investment Highlights

  • Newer 2022 Construction
  • Out-Parcel to Menards and Walmart Supercenter and a Brand-New Culver's is Slatted for Construction to be Completed by 2026
  • Surrounded by National Retailers, New Developments, Residential and Apartment Communities and Close Proximity to the Fort Wayne International Airport
  • 7.5 Percent Rental Increases Every Five Years and in Option Periods
  • Fort Wayne is the Second-Largest City in the State of Indiana, and the Hub of Northeast Indiana
  • +/-56,000 Residents within a Three-Mile Radius with an Average Five-Mile Consumer Spending of +/-$929 Million

Investment Overview

Marcus & Millichap is pleased to present for sale the Starbucks located in Fort Wayne, the second largest city in Indiana.

Exclusively Listed By

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