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New Construction | Starbucks Long Term Lease

$1,635,400

105 Pine Lake Avenue, La Porte, IN 46350

Active
Last Updated: 04/13/2022

5.65

Cap Rate

2,100 sqft

Building Size

Details:
Cap Rate:    5.65%
Building Size:    2,100 sqft
Lot Area:    0.7 acres
Year Built:    2017
Parking Spots:    28
Highlights:
  • New Construction With Drive-thru
  • Long-term NNN Lease
  • Outlot to New Planned Development
  • Centrally Located
  • National Retailer Presence
  • Investment Grade Credit Tenant
Description:

Baum Realty Group, LLC has been exclusively retained by ownership to sell a recently constructed freestanding Starbucks property located in La Porte (Chicago CSA), Indiana. The lease features 10% rental escalations every five years throughout the primary term and renewal option periods. The building features first-class construction with Starbucks latest branding design with additional premium construction features, a drive-thru window, and an outdoor patio. The site is strategically located along US Route 35, a primary north-south thoroughfare, which offers high visibility from 31,500 vehicles per day.

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Documents:
Title
Offering Memorandum
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