Columbia City, IN 46725

Starbucks

Property Address

U.S. 30 & North Line Street, Columbia City, IN, USA

Offering Summary

  • Price: $2,056,000
  • Lot Size: .993 Acres
  • Cap Rate: 5.40%
  • Year Built: 2022
  • Building SF: 2,225
  • Status: In Escrow
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  • Brand New 10-Year Corporate-Guaranteed Lease with Starbucks (NASDAQ: SBUX)
  • New 2022 Construction with a Drive-Thru
  • 7.5 Percent Rental Increases Every Five Years
  • Excellent Highway Frontage, Visible to 25,600+ Cars/Day Along US Highway 30
  • Dense Retail Corridor Across from Walmart and Kroger-Anchored Centers and Surrounded by National Tenants Including ALDI, McDonald’s, Burger King, and More
  • 15,085 Residents in the Surrounding Trade Area - Households Projected to Increase Over 4% within a Three-Mile Radius by 2026
  • Average Household Income Exceeds $78,000 within a Five-Mile Radius
  • Close Proximity to the Heavily-Trafficked Intersection of US Highway 30 and North Main Street (41,600+ Combined Cars/Day)
  • Less Than a 30-Minute Commute to Fort Wayne via US Highway 30

Broker Information