1005 N Baldwin Ave - Fast Food FOR SALE
Marion, IN 46952 |
1005 N Baldwin Ave
Marion, IN 46952
HIGHLIGHTS
- Brand-new 12-year lease to Starbucks Corporation with an attractive 7.50% rental escalations during the initial lease term.
- Starbucks Corporation: NASDAQ: SBUX | S&P BBB+ Investment Grade Credit Rating | Moody’s Baa1 Rating.
- Brand-new, build-to-suit construction for Starbucks’ newest prototype with an impressive 19-car stack in the drive-thru.
- Situated on a large ±0.97-acre lot with excellent drive-by visibility/access on N Baldwin Avenue with traffic counts of 23,874 cars per day.
- 2024 demographics confirm a total 5-mile population of 37,735 and a 1-mile average household income of $71,896.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
New Starbucks on a 12-Year NN Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Freestanding, Restaurant
TOTAL BUILDING SIZE
2481
STORIES
1
YEAR BUILT
2025
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
27-03-36-404-020.000-023
