loader
Join Free
Zeekin

Starbucks

14528 Herriman Boulevard, Noblesville, IN 46060

$2,921,530

Cap Rate 5.75%

Views: 60 DOM: 85 Updated: 08.06.24 Posted: 06.14.24 Status: Active

Summary

Price $2,921,530
Built/Renov 2023
Tenant Starbucks
Cap Rate 5.75%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 2,225
Lease Start 08-15-2023
#Units 38,038
Price/SF $1,313.05
Expiration 02-28-2034
Tenant Type Fast Food/QSR
NOI $167,988
R. Term 9.5
Ownership Fee Simple
Rent/SF $75.50
Increases 7.5%/5/yrs
Pop 5Mi 129,673
Lot/AC 0.92
Options 4/5yrs/7.5%
AHHI 5Mi $158,251

Jordan Klink
Marcus & Millichap
Contact

Richard Niewiadomski
Marcus & Millichap
Contact

Lease Highlights

  • New 2023 construction
  • Starbucks has 9+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 7.5% rental escalations throughout the initial term and option periods
  • Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located on Herriman Boulevard, with access to a robust daily traffic count of 80,000 vehicles. The property is adjacent to the new Costco and Crunch Fitness centers and is in proximity to the master-planned retail shopping destinations of Hamilton Town Center and Fishers District. Additionally, a brand-new roundabout interchange is under construction just 1 mile west...

...

Key Features

  • New construction

  • Build to suit

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Freeway visibility

  • Top 100 MSA

  • Strong demographics

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...

Links

Starbucks Wikipedia Starbucks Wikipedia Noblesville, Indiana Zip Code 46060 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Starbucks
  • Guarantor:Corp T and Rated
  • Company:Starbucks Corporation
  • # Units:38,038
  • Tenant S&P: BBB+
  • Moody’s: Baa1
  • Stock: NASDAQ: SBUX

About Tenant

Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

Company

© COPYRIGHT 2024 NET-TRADE. ALL RIGHTS RESERVED.

TERMS OF USE PRIVACY POLICY
my activity