105 Pine Lake Ave - Freestanding FOR SALE
La Porte, IN 46350 |
$1,750,000 USD
818-259-0476
105 Pine Lake Ave
La Porte, IN 46350
HIGHLIGHTS
- Starbucks recently executed an early five (5) year lease extension, extending the term through February 2033.
- The property underwent an extensive renovation, with Starbucks investing several hundred thousand dollars in on-site improvements.
- Starbucks (NASDAQ: SBUX), founded in 1971, boasts a market capitalization exceeding $97.3 billion and reported annual revenue of $37.2 billion in 2025
- Positioned at the signalized intersection of Pine Lake Avenue and Newport Boulevard, with traffic counts exceeding 31,300 vehicles per day.
- The low purchase price and highly replaceable rent compared to other drive-thru locations provides strong downside protection and long-term value.
- Situated at the primary entrance to a grocery-anchored shopping center featuring Kroger, Tractor Supply, and Buffalo Wild Wings.
FOR SALE DETAILS
PRICE
$1,750,000 USD
PRICE/SF
$833 USD /SF
CAP RATE
5.81%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
28
LAND DETAILS
LAND ACRES
0.7 AC
LAND SF
30,492 SF
ZONING
C
APN/PARCEL ID
46-06-35-178-009.000-043
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818-259-0476
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818-259-0476
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