Lowest Price Point Starbucks in the Midwest - Recent Lease Extension

Highlights:

• Prime Corner Location on US Route 35 Positioned at the signalized intersection of Pine Lake Avenue and Newport Boulevard, with traffic counts exceeding 31,300 vehicles per day, ensuring exceptional visibility and accessibility.
• Attractive Real Estate Fundamentals The low purchase price and highly replaceable rent compared to other drive-thru locations provides strong downside protection and long-term value.
• Gateway to Major Retail Hub Situated at the primary entrance to a grocery-anchored shopping center featuring Kroger, Tractor Supply, and Buffalo Wild Wings, driving consistent consumer traffic.
• Surrounded by New Development Located at the epicenter of La Porte’s growth corridor, adjacent to new retail developments including Smoothie King, Anytime Fitness, Dental Studio and Aldi.

Description:

High-Performing Starbucks with Long-Term Lease
Starbucks recently executed an early five (5) year lease extension, extending the term through February 2033, demonstrating a strong long-term commitment to this location.

Significant Recent Capital Investment
The property underwent an extensive renovation, with Starbucks investing several hundred thousand dollars in on-site improvements—further underscoring the store’s strong performance and profitability.

Industry-Leading Tenant
Starbucks (NASDAQ: SBUX), founded in 1971, boasts a market capitalization exceeding $97.3 billion and reported annual revenue of $37.2 billion in 2025, reinforcing its financial strength and stability.

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