1474 N State St - Restaurant FOR SALE


Greenfield, IN 46140
$3,166,666 USD
512-768-0380
1474 N State St, Greenfield, IN for Sale
$3,166,666 USD
Restaurant - FOR SALE
1/4
null | 6% Cap Rate

1474 N State St
Greenfield, IN 46140


HIGHLIGHTS

  • Long Term Lease With Limited Landlord Responsibilities; Brand New 2024 Construction With 20-Year Roof Warranty
  • Oversized 1.22 Acre Parcel Featuring More Than 330 Feet of Frontage and an Impressive 20 + Car Drive-Thru Stack Allowing For Optimized Traffic Flow
  • 7.5% Rent Increases Every 5 Years Providing a Strong Hedge Against Inflation
  • Corporately Guaranteed Lease By Starbucks Corporation (NASDAQ: SBUX) with a Rating of “BBB+” By S&P – Over $35 Billion in Revenue in 2023 and a Market
  • Starbucks is the Largest Coffee Retailer in the World, With Over 37,000 Locations in 80 Countries
  • Direct Access to I-70, Which Sees 56,000+ Vehicles Per Day; Frontage on State Rd-9 Sees 25,000+ VPD

OVERVIEW

Sands Investment Group is Pleased to Exclusively Offer For Sale the Brand New Construction, Drive-Thru Equipped Starbucks NN Asset Located at 1474 N State St in Greenfield, IN. The 10-Year Corporate Guaranteed Lease Features Four (4) By Five (5) Year Options to Extend, and 7.5% Rental Increases Every 5 Years Throughout the Initial Term and at the Beginning of Each Option Period. The Subject Property is Strategically Located Off I-70, Which Sees 56,000+ Vehicles Per Day. This Offering Presents the Opportunity to Acquire a Brand New Construction, Investment Grade Tenant With a Growing NOI, Making it an Ideal, Low Management Opportunity For an Investor In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918

FOR SALE DETAILS

PRICE

$3,166,666 USD

PRICE/SF

$466 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks - Greenfield, TN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

PB

APN/PARCEL ID

30-07-29-400-001.003-009

ASK ABOUT THIS PROPERTY

Jordan MulloySands Investment Group Austin, LLCMore Info
512-768-0380

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Jordan MulloySands Investment Group Austin, LLCMore Info
512-768-0380

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.