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11900 N US Highway 31
Edinburgh, IN 46124

Starbucks · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
2,276 SF
Building Class
B
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.17 AC
Parking
44 Spaces (10 Spaces per 1,000 SF Leased)

Amenities

  • Restaurant
  • Signage
  • Drive Thru
  • Air Conditioning

About 11900 N US Highway 31 , Edinburgh, IN 46124

The site is right off a major I-65 interchange (31,260 VPD) at the entrance to the Simon owned Edinburgh Premium Outlets. The lease has 9.5 years remaining and offers 7.50% rent increases every 5 years. This long-term lease structure is rare for Starbucks which demonstrates the strength of the market and need for coffee at this intersection. The Property is in Edinburgh, IN which is 35 miles south of Indianapolis, 80 miles north of Louisville, and 90 miles west of Cincinnati, along Interstate 65. Edinburgh itself may appear as a small town, however, the Premium Outlets draw from a 1.9 million person trade area within 45 miles and the nearby Camp Atterbury Military Base houses more than 45,000 active troops. This is the only outlet mall in the Indianapolis area with the next closest being an additional 60 miles south. If Indianapolis residents want a short trip to purchase at a discount, Edinburgh is the place they go.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-05-15-310-000.101-009
Land Assessment
$216,600
Improvements Assessment
$361,000
Total Assessment
$577,600
  • Listing ID: 14113291

  • Date on Market: 10/18/2018

  • Last Updated:

  • Address: 11900 N US Highway 31, Edinburgh, IN 46124

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