Starbucks & Rosati's
Valparaiso, IN 46385-5437
Starbucks & Rosati's Logo Image
2160 Morthland Dr
Valparaiso, IN 46385-5437
  • Asking Price: $1,494,000
  • Cap Rate: 5.90%
  • Property Type: Retail
  • Lease Type: NNN
  • Status: Available
PROPERTY DETAILS:

10-Year Starbucks Lease Extension – Starbucks corporation recently extended the lease for an additional 10 years, with no early termination rights. Dual Income Stream – Rare opportunity for long-term, passive dual income streams from two dynamic and e-commerce resistant tenants. Low Rent Basis & Price Point – Both Starbucks and Rosati’s Pizza feature relatively low rents. The average two-tenant Starbucks property is over $3M. Strong Rent Increases – Starbucks rent increases 10% every 5 years while Rosati’s Pizza rent increases 3% each year. Grocery Store Shadow Anchor – Ideally situated at the signalized intersection and main entrance to a major grocery store anchored shopping center.