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7755 Southtown Xing
Fort Wayne, IN 46816
Starbucks | Fort Wayne · Retail Property For Sale
Investment Highlights
- 10-year corporate net lease to Starbucks Corporation
- Investment grade tenant, rated “BBB+” by Standard & Poor’s
- New 2022 construction with dedicated drive-thru for added customer convenience
- 7.5% rental increases every five years, providing a hedge against inflation
- Starbucks Corporation (NASDAQ: “SBUX”) is the world’s premier coffee company, with over 33,833 locations and $29.1 billion in annual revenue
- Includes new 15-year duro-last roof warranty
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
2,255 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.92 AC
Zoning
C - Commercial
Parking
37 Spaces (16.41 Spaces per 1,000 SF Leased)
Frontage
95’ on North Southtown Crossing
Amenities
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Numbers | Improvements Assessment | $573,700 | |
| Land Assessment | $280,500 | Total Assessment | $854,200 |
Property Taxes
Parcel Numbers
Land Assessment
$280,500
Improvements Assessment
$573,700
Total Assessment
$854,200
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