Starbucks 6051 Central Ave 2,240 SF Retail Building Portage, IN 46368 $2,983,870 ($1,332.08/SF) 6.20% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Starbucks property within the Chicago MSA in Portage, Indiana. The property was constructed for Starbucks in 2025 with a rare new 12-year lease commencing in January 2026. The lease features 10% rental escalations in the primary term and four 5-year renewal options. Unlike most Starbucks leases, tenant is responsible for all day-to-day maintenance of the property.
The 2,240 square-foot building is located in the heart of Portage’s downtown at a signalized intersection along Central Avenue, a primary thor-oughfare through the city. The property bene?ts from the immediate proximity to Interstate 80 (79,000 VPD) and shadow anchor position to Meadows Shopping Center. The center is occupied by Strack & Van Till (Hy-Vee), Family Dollar, Jimmy John’s, Pet Supplies Plus, Dunkin’, Burger King, and H&R Block. Other neighboring retailers include Ace Hardware, Walgreens, McDonald’s, AutoZone, Fifth Third Bank, and several others. Additionally, the property is within walking distance of the Promenade at Founders Square, a 304-unit luxury apartment complex that opened in 2018. There are 85,000 people living within a five-mile radius and the average household income within one mile exceeds $99,000.
Starbucks Corporation (NASDAQ: SBUX) is an American global coffee company and coffeehouse chain based in Seattle, Washington. Starbucks was founded in 1985 as a local coffee bean roaster and retailer and has grown into the largest coffeehouse company in the world. In recent years, Starbucks has expanded exponentially, more than doubling its units over the past 10 years. The number of Starbucks stores worldwide exceeded 35,000 in 2024. Starbucks is an investment grade rated company with a Standard & Poor’s rating of BBB+.