Shopping Neighborhood

Eagle Creek Starbucks

5550 Lafayette Rd, Indianapolis, IN 46254

Listing Price: $1,958,000

Cap Rate
7.07%
Gross SF
6,260
Rentable SF
6,260
Price/Gross SF
$312.78
Lot Size
1.10 acres
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to exclusively represent the Eagle Creek Commons, four tenant neighborhood retail center located at the signalized intersection of Lafayette Road (14,046 VPD) and West 56th Street (22,947 VPD). The recession resistant tenant mix is occupied by 67% Credit Rated Tenants-Starbucks Coffee Company; S&P BBB+ (10 year lease through June 2024)-Athletico Physical Therapy; Moody's B2 (7 Year Lease through February 2028). Cricket Wireless and a law firm round out the tenant mix. Within five miles of the subject property average household income is $69,648 and the population is 180,151. High traffic commuter corridor with direct access to Interstate 465 and Interstate 65, less than 15 miles to Indianapolis International Airport and downtown Indianapolis, near the Indianapolis Motor Speedway and Park 100 Business Center. The Indianapolis MSA has a population of 2,070,626 people, making it the 34th largest MSA in the United States. Indianapolis is the 17th largest city in the U.S.

Investment Highlights

  • 100% Occupied Starbucks-Anchored Retail Strip Center | Ideal Hard Corner Location at Signalized Intersection of Lafayette Road (14,046 VPD) & West 56th Street (22,947 VPD)
  • Direct Access to Interstate 465 (109,061 VPD) & Interstate 65 (63,865 VPD) | Located Near Indianapolis Motor Speedway and Park 100
  • Average Household Income Within Five Miles of Subject Property is $69,648 | Population of 180,151+ People Within a Five-Mile Radius of Subject
  • Recession Resistant Tenant Mix with 67% Occupied by Credit-Rated Tenants | Starbucks Coffee Company 10 Year Lease through June 2024 – Investment Grade Credit (S&P: BBB+)| Athletico Physical Therapy 7 Year Lease through February 2028 – Moody's Credit Rating B2

Exclusively Listed By

Financing By

Shopping Neighborhood

Eagle Creek Starbucks

Listing Price: $1,958,000

Cap Rate
7.07%
Gross SF
6,260
Rentable SF
6,260
Price/Gross SF
$312.78
Lot Size
1.10 acres
Year Built
2004

Investment Highlights

  • 100% Occupied Starbucks-Anchored Retail Strip Center | Ideal Hard Corner Location at Signalized Intersection of Lafayette Road (14,046 VPD) & West 56th Street (22,947 VPD)
  • Direct Access to Interstate 465 (109,061 VPD) & Interstate 65 (63,865 VPD) | Located Near Indianapolis Motor Speedway and Park 100
  • Average Household Income Within Five Miles of Subject Property is $69,648 | Population of 180,151+ People Within a Five-Mile Radius of Subject
  • Recession Resistant Tenant Mix with 67% Occupied by Credit-Rated Tenants | Starbucks Coffee Company 10 Year Lease through June 2024 – Investment Grade Credit (S&P: BBB+)| Athletico Physical Therapy 7 Year Lease through February 2028 – Moody's Credit Rating B2

Investment Overview

Marcus & Millichap is pleased to exclusively represent the Eagle Creek Commons, four tenant neighborhood retail center located at the signalized intersection of Lafayette Road (14,046 VPD) and West 56th Street (22,947 VPD). The recession resistant tenant mix is occupied by 67% Credit Rated Tenants-Starbucks Coffee Company; S&P BBB+ (10 year lease through June 2024)-Athletico Physical Therapy; Moody's B2 (7 Year Lease through February 2028). Cricket Wireless and a law firm round out the tenant mix. Within five miles of the subject property average household income is $69,648 and the population is 180,151. High traffic commuter corridor with direct access to Interstate 465 and Interstate 65, less than 15 miles to Indianapolis International Airport and downtown Indianapolis, near the Indianapolis Motor Speedway and Park 100 Business Center. The Indianapolis MSA has a population of 2,070,626 people, making it the 34th largest MSA in the United States. Indianapolis is the 17th largest city in the U.S.

Exclusively Listed By

Financing By

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