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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
Property Facts
Amenities
- Restaurant
- Drive Thru
Sustainability
Sustainability
LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)
Nearby Major Retailers
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
Contacts
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Patrick Wade -
Matthew Greenberg -
Alex Kozakov -
Bo Henderson -
Jack Webber -
Vivian Tran -
CBRE, Inc.
Presented by
Starbucks | 105 Pine Lake Ave
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