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Starbucks 105 Pine Lake Ave 2,100 SF Retail Building La Porte, IN 46350 $1,750,000 ($833.33/SF) 5.81% Cap Rate
INVESTMENT HIGHLIGHTS
- Starbucks recently executed an early five (5) year lease extension, extending the term through February 2033.
- Starbucks (NASDAQ: SBUX), founded in 1971, boasts a market capitalization exceeding $97.3 billion and reported annual revenue of $37.2 billion in 2025
- The low purchase price and highly replaceable rent compared to other drive-thru locations provides strong downside protection and long-term value.
- The property underwent an extensive renovation, with Starbucks investing several hundred thousand dollars in on-site improvements.
- Positioned at the signalized intersection of Pine Lake Avenue and Newport Boulevard, with traffic counts exceeding 31,300 vehicles per day.
- Situated at the primary entrance to a grocery-anchored shopping center featuring Kroger, Tractor Supply, and Buffalo Wild Wings.
EXECUTIVE SUMMARY
High-Performing Starbucks with Long-Term Lease
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,100 SF
Building Class
B
Year Built
2017
Price
$1,750,000
Price Per SF
$833.33
Cap Rate
5.81%
NOI
$101,640
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.70 AC
Zoning
C - Commercial
Parking
28 Spaces (13.33 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Restaurant
- Drive Thru
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 46-06-35-178-009.000-043 | Improvements Assessment | $251,800 |
| Land Assessment | $173,600 | Total Assessment | $425,400 |
PROPERTY TAXES
Parcel Number
46-06-35-178-009.000-043
Land Assessment
$173,600
Improvements Assessment
$251,800
Total Assessment
$425,400
CONTACTS
-
Patrick Wade -
Matthew Greenberg -
Alex Kozakov -
Bo Henderson -
Jack Webber -
Vivian Tran -
CBRE, Inc.
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Starbucks | 105 Pine Lake Ave
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