About This Restaurant
Investment Highlights
Brand-New 2023 Construction Surrounded by National Retailers, New Developments, Residential Communities and a Large, Class A Industrial Park Located at SR 37 and 126th Street Interchange that Experiences Approximately 61,000 Vehicles-Per-Day Base Lease Term of 10 Years with Four, Five-Year Options to Renew 5-Mile Average Household Income of +/-$131,000 and 5-Mile Consumer Spending Approximately $2.4 Billion Adjacent to Brand-New Assisted Living Facility and +/-$145M Life Science Pharmaceutical Headquarters; Both Under Construction
Executive Summary
The Klink Group of Marcus & Millichap is pleased to present for sale the Starbucks located in the city of Fishers, part of Hamilton County; Indiana?s most affluent and premier submarkets. Built in 2023, the Property sits on 0.89 acres of prime real estate along a major trade-area intersection that experiences approximately 61,000 VPD and is surrounded by national retailers, residential communities and brand-new commercial developments and is in close proximity to a highly popular live-work-play area comprised of master-planned, class A residential, office and mixed-use developments including The Nickel Plate District (Fisher?s Central Hub) which is comprised of all city municipal service buildings, various company headquarters, multi-family apartment buildings and The Yard, a master-planned shopping destination with retailers such as Top Golf, Ikea, 1933 Lounge (St Elmo?s Steakhouse), Shake Shack along with many other premier retail destination stores. Hamilton County, Indiana is one of the most affluent and premier submarkets in the state with above average median household incomes and nationally ranked public school systems and is consistently recognized by various national publications as the top ?Best Places to Live? and ?Best Schools? in the United States.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food
- Building Size 2,225
- Year Built 2023
- Price 2,786,087
- Price Per SF 1,252
- Cap Rate 5.75
- NOI 160,200
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 0.89 AC
Amenities
- Signage
- Drive Thru
Property Taxes
Parcel Number | 29-11-30-000-023.001-006 | Improvements Assessment | $368,500 |
Land Assessment | $0 | Total Assessment | $368,500 |
Date Created: | 2024-07-16 04:13:40 | Last Updated: | 2024-07-16 04:13:40 |
Address: | 13070 Publishers Dr , Fishers, Indiana, 46038 |