2732 N State St Greenfield, IN

Listing office Veritas Realty Show Phone

Listing date Jun 16, 2025

Source Moodyscre

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Investment Insights

Based on property information with market context.

The subject property is strategically located at the I-70 and State St interstate interchange, capturing daily commuter traffic and serving a rapidly growing residential population. The property, with a building size of 2164 square feet, is positioned on a 1.371-acre parcel, providing 39 parking spaces and a drive-thru stacking queue that accommodates 20 cars. Hancock County, with Greenfield as its County Seat, was the fastest-growing county in Indiana in 2023, experiencing residential growth of 3.70%. Contributing to this growth are the 25 businesses that have announced expansions or new locations since 2019. The retail corridor is anchored by Walmart, Kroger, Home Depot, Aldi, Kohls, Tractor Supply, and Ace Hardware. The corridor has experienced new retail development over the past few years including new locations for Chick-Fil-A, Olive Garden, Chipotle, Panera, Culvers, Panda Express, Valvoline, McAlister’s Deli, Forum Credit Union, and Verizon. The tenant is required to reimburse for all CAM, Real Estate Taxes, and Insurance expenses. This property is suitable for coffee shops, restaurants, retail properties, and drive-through restaurants.

Key Highlights

• New Starbucks location opened August 2024 with a 10‑year primary lease term and four 5‑year renewal options.
• Located at the intersection of I‑70 and State St, capturing high commuter and residential traffic.
• 7.50% rental increases every five years, including renewal options, maximizing cash flow.

Property Analytics

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Similar Off Market Nearby

• Tour Of Italy Cafe — 5 American Legion Pl, Greenfield, IN 46140
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FAQs

What type of property is this?

Coffee shop - Retail property with drive-thru, located near I-70 and State St.

Where is this coffee shop located?

The property is located at 2732 N State St Greenfield, IN.

What is the asking price?

The asking price for this property is $2,998,336.

What are key features of this property?

This property features: New Starbucks location opened August 2024 with a 10‑year primary lease term and four 5‑year renewal options.; Located at the intersection of I‑70 and State St, capturing high commuter and residential traffic.; 7.50% rental increases every five years, including renewal options, maximizing cash flow.