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6051 Central Ave Portage, IN 46368

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For Sale
$2,983,870

New construction Starbucks in Chicago MSA with long-term lease.

Lot size:
1.16 Acres

Property Features for 6051 Central Ave

General Information

Lot size
1.16 Acres

Source: The Boulder Group - Corporate Agent Randy Blankstein

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

New Construction Starbucks Investment Opportunity

This property, positioned within the Chicago MSA, presents an investment opportunity with an investment grade rating of S&P: BBB+. New construction is slated for completion in 2025. The property benefits from a rare long-term 12-year lease that includes 10% rental escalations. Located at a signalized intersection along Central Avenue in Downtown Portage, the site is also just minutes from Interstate 80, which sees 79,000 vehicles per day. The property is a shadow anchor to Meadows Shopping Center, which includes Strack & Van Till, Family Dollar, Jimmy John’s, Pet Supplies Plus, Dunkin’, Burger King, and H&R Block. Neighboring retailers include Ace Hardware, Walgreens, McDonald’s, AutoZone, and Fifth Third Bank, among others. The property is within walking distance of the Promenade at Founders Square, a 304-unit luxury apartment complex. The surrounding area has a population of 85,000 within a five-mile radius, and the average household income within one mile exceeds $99,000. Unlike most Starbucks leases, the tenant is responsible for all day-to-day maintenance of the property.
Insight Report Location Intelligence

Current Use by Public Records

Coffee shops

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Portage
County
Porter
State
Indiana
Longitude
-87.180656
Latitude
41.575745

FAQs

What type of property is this?
Coffee shop - New construction Starbucks in Chicago MSA with long-term lease.
Where is this coffee shop located?
The property is located at 6051 Central Ave Portage, IN.
What is the asking price?
The asking price for this property is $2,983,870.
What are key features of this property?
This property features: - Rare long-term 12-year lease with 10% rental escalations; - New construction completed in 2025; - Tenant is responsible for all day-to-day maintenance
More about this property
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