STARBUCKS – WEST LAFAYETTE, IN 1625 Sachem blvd 2,480 SF Retail Building West Lafayette, IN 47906 $3,082,000 ($1,242.74/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand new 10-year lease to Starbucks Corporation with attractive 7.50% rental escalations every 5 years!
- Brand new, build-to-suit construction to Starbucks newest prototype - slated to open April 2025
- Total Population (5MI: 102,020 | Average Household Income (1MI): $85,669
- Starbucks Corporation (NASDAQ: SBUX | S&P BBB+ Investment Grade Credit Rating | Moody’s Baa1 Rating)
- Situated on a large ±1.0-acre lot (adjacent to Walmart), just west of Northwestern Ave/Sagamore Pkwy W
EXECUTIVE SUMMARY
(Building & Land) Fee Simple
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,480 SF
Building Class
C
Year Built
2025
Construction Status
Under Construction
Price
$3,082,000
Price Per SF
$1,242.74
Cap Rate
6.25%
NOI
$192,567
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Zoning
C - Commercial
AMENITIES
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Starbucks
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Starbucks | Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 79-06-01-053-004.003-034 | Improvements Assessment | $0 |
| Land Assessment | $1,088,900 | Total Assessment | $1,088,900 |
