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Restaurant

Starbucks | New 10-Yr. Lease

394 Rochester Crossing Dr, Rochester, IN 46975

Listing Price: $2,240,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
10.1
Guarantor
Corporate Guarantee
Rentable SF
2,225
Lease Type
Double Net
Rent Per Square Feet
$50.34

Investment Overview

Marcus & Millichap is pleased to present the Starbucks in Rochester, IN.

Investment Highlights

  • 10-Year Lease with 7.5% Increases Every 5 Years, No Early Termination Clause
  • Corporate Guaranty, Investment Grade Credit Tenant Rated BBB+ by S&P
  • Ranked #114 on the Fortune 500, Annual Revenue Exceeds $26.5 Billion
  • New High-Quality Construction with a Drive-Thru, Limited Landlord Responsibilities
  • Strategic Location, Closest Freestanding Starbucks with a Drive-Thru is Over 23 Miles Away
  • Situated at the Entrance to a New Walmart Supercenter and Across from Kroger Grocery Anchored Center
  • Hard Corner Location at Signalized Intersection, Highly Visible Along Major Artery with Direct Access to South Bend

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Listing Price: $2,240,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
10.1
Guarantor
Corporate Guarantee
Rentable SF
2,225
Lease Type
Double Net
Rent Per Square Feet
$50.34

Investment Highlights

  • 10-Year Lease with 7.5% Increases Every 5 Years, No Early Termination Clause
  • Corporate Guaranty, Investment Grade Credit Tenant Rated BBB+ by S&P
  • Ranked #114 on the Fortune 500, Annual Revenue Exceeds $26.5 Billion
  • New High-Quality Construction with a Drive-Thru, Limited Landlord Responsibilities
  • Strategic Location, Closest Freestanding Starbucks with a Drive-Thru is Over 23 Miles Away
  • Situated at the Entrance to a New Walmart Supercenter and Across from Kroger Grocery Anchored Center
  • Hard Corner Location at Signalized Intersection, Highly Visible Along Major Artery with Direct Access to South Bend

Investment Overview

Marcus & Millichap is pleased to present the Starbucks in Rochester, IN.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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