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Restaurant

Starbucks | New Construction | No Kickout Clause

720 Henderson Way, Pendleton, IN 46064

Listing Price: $2,445,846

Cap Rate
5.85%
Tenant Name
Starbucks
Years Remaining On Lease
9.6
Gross SF
2,300
Guarantor
Corporate Guarantee
Rentable SF
2,300
Price/Gross SF
$1,063.41
Lease Type
Double Net
Rent Per Square Feet
$62.21

Investment Overview

Adjacent to Multiple New Developments: Wolfie’s Bar & Grill, 3 Rivers Credit Union, BP Gas Station, and Community Health Network Medical Office | Proposed Developments: 324 Multi-Family Units, Hampton Inn & Suites, Multi-Tenant Retail with Drive-Thru Endcap, Multi-Tenant Building, Three QSR Developments and 1,000+ New Home Sites Within One Mile

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

Investment Highlights

  • NOW OPEN | Brand New Class A Construction | 9.75 Years Remaining on NN 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 (89,576 Combined VPD)
  • 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 City in the US

Exclusively Listed By

Restaurant

Starbucks | New Construction | No Kickout Clause

Listing Price: $2,445,846

Cap Rate
5.85%
Tenant Name
Starbucks
Years Remaining On Lease
9.6
Gross SF
2,300
Guarantor
Corporate Guarantee
Rentable SF
2,300
Price/Gross SF
$1,063.41
Lease Type
Double Net
Rent Per Square Feet
$62.21

Investment Highlights

  • NOW OPEN | Brand New Class A Construction | 9.75 Years Remaining on NN 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 (89,576 Combined VPD)
  • 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 City in the US

Investment Overview

Adjacent to Multiple New Developments: Wolfie’s Bar & Grill, 3 Rivers Credit Union, BP Gas Station, and Community Health Network Medical Office | Proposed Developments: 324 Multi-Family Units, Hampton Inn & Suites, Multi-Tenant Retail with Drive-Thru Endcap, Multi-Tenant Building, Three QSR Developments and 1,000+ New Home Sites Within One Mile 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

Exclusively Listed By

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