Starbucks 14528 Herriman Blvd

Investment Highlights

Base Lease Term of 10 Years with Four, Five-Year Options to Renew Adjacent to Brand-New Costco and Crunch Fitness; Chick-fil-A Coming Soon Located in Affluent/Premier Submarket of Hamilton County Surrounded by National Retailers, New Developments, Residential Communities and a Large, Class A Industrial Park 5-Mile Average Household Income of +/-$130,000 and 5-Mile Consumer Spending Approximately $2.3 Billion Located at SR 37 and 146th Street Interchange that Experiences Approximately 80,000 Vehicles-Per-Day

Executive Summary

The Klink Group of Marcus & Millichap is pleased to present for sale the Starbucks located in the city of Noblesville, part of Hamilton County; Indiana?s most affluent and premier submarkets. Built in 2023, the Property sits on 0.92 acres of prime real estate along a major trade-area intersection that experiences approx. 80,000 VPD and is surrounded by national retailers, residential communities and brand-new commercial developments. The Property also benefits from being located next to Indiana?s Nickel Plate Trail, a paved walking and cycling path that begins at 146th Street and leads directly through downtown Fishers and is considered one of the busiest urban greenways in Indiana. The immediate 1-mile radius is filled with national retailers such as a brand-new Costco and Crunch Fitness, Jagger?s, Urban Air Adventure Park, Moe?s Southwest Grill, Pickleman?s Gourmet Caf?, Circle K, CVS, AutoZone, Buffalo Wild Wings and many more. The Property is also adjacent to one the newest and largest master-planned, class A industrial parks north of downtown Indianapolis offering +/- 5M SF across +/-300 acres. 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. The offering is the perfect investment opportunity for any passive investor looking for quality real estate in a premier and affluent submarket with high barriers of entry and limited real estate transaction velocity with a long-term, corporately guaranteed tenant.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    2,225
• Year Built    2023
• Price    2,921,530
• Price Per SF    1,313
• Cap Rate    5.75
• NOI    167,988
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.06
• Land Acres    0.92 AC

• Signage
• Drive Thru