6295 Ameriplex Dr
Portage, IN 46368

Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 6295 Ameriplex Drive (the “Property”), a two-tenant retail investment located in Portage, IN.
Starbucks (NASDAQ: SBUX) has occupied the Property since it was developed over 17 years ago and extended its lease for another 10-years in 2023 into 2033. The S&P ‘BBB+’ investment grade credit rated corporation operates more than 36,000 locations globally, employs 381,000, and boasts a market cap of $90.87 billion. The tenant’s drive-thru, an amenity that generates 25-30% greater sales at Starbucks’s nationwide, and its location next to I-94 (90,000 VPD) enable it to generate a consistently strong traffic flow. Starbucks is in the midst of an ambitious expansion initiative, with the goal to expand to 55,000 stores globally by 2030.
El Salto / Fairway Indoor Golf occupies the other space at the Property, having recently undergone significant renovations to add high-tech golf simulators in order to become a more interactive dining experience after operating as a Mexican restaurant since 2016. The restaurant group operates at six locations across Northwest Indiana and has 2+ years left on its ‘Net’ lease. There is an opportunity for a new investor to significantly raise rents should the space become available in the future, given that rents of similar high quality multi-tenant retail properties in Northwest Indiana range from $30-$40/SF Net.
The Property is located at the entrance of AmeriPlex at the Port, a 387-acre mixed use business/industrial park anchored by a 130,000 square foot Bass Pro Shop. Located on I-94 and less than 1 mile from Lake Michigan, AmeriPlex at the Port offers unparalleled access to major transportation links via land, air, and water. Situated in the largest city of Porter County, the Property enjoys substantially lower tax rates and Indiana’s robust population growth, while still benefiting from its proximity to Chicago. Featuring unprecedented access to the largest steel-providing region in North America, the Ports of Indiana at Burns Harbor supports $4.6 billion of economic impact through national and international transportation of goods and is located less than 2 miles north of the Property.