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Restaurant

Starbucks | New Construction

1966 Copper Mine Psge, Fort Wayne, IN 46845

Listing Price: $2,847,999

Cap Rate
6.25%
Tenant Name
Starbucks
Years Remaining On Lease
9.0
Gross SF
2,297
Guarantor
Corporate Guarantee
Rentable SF
2,297
Price/Gross SF
$1,239.88
Lease Type
Double Net
Rent Per Square Feet
$77.49

Investment Overview

9-Plus Years Remaining on Brand New 2025 Construction with Drive-Thru | Corporately Guaranteed NN+ Lease | Four, Five-Year Options with 7.5 Percent Rental Increase Every Five Years During the Initial Term and Options | No Kickout Clause

Located at Signalized Hard Corner with Visibility to Lima Road (Over 27,000 Vehicles Per Day) | One of the Most Affluent Submarkets in Fort Wayne (Average Household Incomes of $135,448 and $125,409 within Three & Five Miles

Starbucks is an Investment-Grade Tenant with $37.2 Billion in Annual Revenue | Starbucks is the Largest Coffeehouse Chain Globally with Over 41K Stores | S&P Rating is BBB+

Located One Mile North of Planned Kroger Marketplace – 100,000+ Square Foot Kroger, Fuel Center, and Commercial Outlots | Located One Mile South of Huntertown Crossing, a 34-Acre, $76M Mixed-Use Development Anchored by a New Parkview Health Clinic

Outparcel to Shops at Copper Creek Development on 43 Acres – Including a Subdivision with Over 600 Single Family Homes, a 15,000 SF Multi-Tenant Strip Center, The Learning Experience Daycare, Just Four Kids Dentistry, and a 322-Unit Apartment Complex

Located Five Miles from Parkview Regional Medical Center – the Largest Hospital in Fort Wayne (738 Beds) | Parkview Health is the Largest Employer in the Fort Wayne MSA

Starbucks Benefits from Booming Residential Growth – Sonora Subdivision (320+ Lots), Copper Creek Subdivision (600-Plus Homes), Hunter’s Reserve Subdivision, Shadow Creek Neighborhood, Silverstone Estates, Broad Acres Subdivision (700+ Lots) & Twin Eagles (Master Planned Luxury Community with 346 Homes)

Located in the Fastest-Growing Zip Code in Fort Wayne – the Population Expanded by 5,317 Residents in the Last Five Years | 8,500 New Homes are Being Developed within Three Miles

Investment Highlights

  • 9-Plus Years Remaining on Brand New 2025 Construction with Drive-Thru | Corporately Guaranteed NN+ Lease | No Kickout Clause
  • Located at Signalized Hard Corner with Visibility to Lima Road (Over 27K Vehicles Per Day)) | One of the Most Affluent Submarkets in Fort Wayne (AHHH of $135,448 and $125,409 within Three & Five Miles
  • Located in the Fastest-Growing Zip Code in Fort Wayne – the Population Expanded by 5,317 Residents in the Last Five Years | 8,500 New Homes are Being Developed within Three Miles

Exclusively Listed By

Restaurant

Starbucks | New Construction

Listing Price: $2,847,999

Cap Rate
6.25%
Tenant Name
Starbucks
Years Remaining On Lease
9.0
Gross SF
2,297
Guarantor
Corporate Guarantee
Rentable SF
2,297
Price/Gross SF
$1,239.88
Lease Type
Double Net
Rent Per Square Feet
$77.49

Investment Highlights

  • 9-Plus Years Remaining on Brand New 2025 Construction with Drive-Thru | Corporately Guaranteed NN+ Lease | No Kickout Clause
  • Located at Signalized Hard Corner with Visibility to Lima Road (Over 27K Vehicles Per Day)) | One of the Most Affluent Submarkets in Fort Wayne (AHHH of $135,448 and $125,409 within Three & Five Miles
  • Located in the Fastest-Growing Zip Code in Fort Wayne – the Population Expanded by 5,317 Residents in the Last Five Years | 8,500 New Homes are Being Developed within Three Miles

Investment Overview

9-Plus Years Remaining on Brand New 2025 Construction with Drive-Thru | Corporately Guaranteed NN+ Lease | Four, Five-Year Options with 7.5 Percent Rental Increase Every Five Years During the Initial Term and Options | No Kickout Clause Located at Signalized Hard Corner with Visibility to Lima Road (Over 27,000 Vehicles Per Day) | One of the Most Affluent Submarkets in Fort Wayne (Average Household Incomes of $135,448 and $125,409 within Three & Five Miles Starbucks is an Investment-Grade Tenant with $37.2 Billion in Annual Revenue | Starbucks is the Largest Coffeehouse Chain Globally with Over 41K Stores | S&P Rating is BBB+ Located One Mile North of Planned Kroger Marketplace – 100,000+ Square Foot Kroger, Fuel Center, and Commercial Outlots | Located One Mile South of Huntertown Crossing, a 34-Acre, $76M Mixed-Use Development Anchored by a New Parkview Health Clinic Outparcel to Shops at Copper Creek Development on 43 Acres – Including a Subdivision with Over 600 Single Family Homes, a 15,000 SF Multi-Tenant Strip Center, The Learning Experience Daycare, Just Four Kids Dentistry, and a 322-Unit Apartment Complex Located Five Miles from Parkview Regional Medical Center – the Largest Hospital in Fort Wayne (738 Beds) | Parkview Health is the Largest Employer in the Fort Wayne MSA Starbucks Benefits from Booming Residential Growth – Sonora Subdivision (320+ Lots), Copper Creek Subdivision (600-Plus Homes), Hunter’s Reserve Subdivision, Shadow Creek Neighborhood, Silverstone Estates, Broad Acres Subdivision (700+ Lots) & Twin Eagles (Master Planned Luxury Community with 346 Homes) Located in the Fastest-Growing Zip Code in Fort Wayne – the Population Expanded by 5,317 Residents in the Last Five Years | 8,500 New Homes are Being Developed within Three Miles

Exclusively Listed By

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