Starbucks | Greenfield, IN
Sands Investment Group is Pleased to Exclusively Offer For Sale the Brand New Construction, Drive-Thru Equipped Starbucks NN Asset Located at 1474 N State St in Greenfield, IN. The 10-Year Corporate Guaranteed Lease Features Four (4) By Five (5) Year Options to Extend, and 7.5% Rental Increases Every 5 Years Throughout the Initial Term and at the Beginning of Each Option Period. The Subject Property is Strategically Located Off I-70, Which Sees 56,000+ Vehicles Per Day. This Offering Presents the Opportunity to Acquire a Brand New Construction, Investment Grade Tenant With a Growing NOI, Making it an Ideal, Low Management Opportunity For an Investor
- Long Term Lease With Limited Landlord Responsibilities; Brand New 2024 Construction With 20-Year Roof Warranty
- Oversized 1.22 Acre Parcel Featuring More Than 330 Feet of Frontage and an Impressive 20 + Car Drive-Thru Stack Allowing For Optimized Traffic Flow
- 7.50% Rent Increases Every 5 Years Providing a Strong Hedge Against Inflation
- Corporately Guaranteed Lease By Starbucks Corporation (NASDAQ: SBUX) with a Rating of “BBB+” By S&P – Over $35 Billion in Revenue in 2023 and a Market Cap of Over $97 Billion
- Starbucks is the Largest Coffee Retailer in the World, With Over 37,000 Locations in 80 Countries
- Direct Access to I-70, Which Sees 56,000+ Vehicles Per Day; Frontage on State Rd-9 Sees 25,000+ VPD
- Located Less Than 30 Minutes From Downtown Indianapolis, 2.1M+ MSA Population
- Greenfield Functions as a Central Retail Destination For Nearby Towns Such as Maxwell, Mt Comfort, Gem, New Palestine, Fountaintown and Morristown, Providing Access to Key Stores and Essential Shopping Options
- Nearby National Retailers Include: Home Depot, Walmart Supercenter, Chick-fil-A, Chipotle, Kroger, Kohl’s, Panera, Ace Hardware, Olive Garden, McAlister’s Deli, and More
In Cooperation With Sands Investment Group Indiana, LLC – Lic. #RC52000211 BoR: Andrew Ackerman – Lic. IN #RB20001918
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