6051 Central Ave Portage, IN
New construction Starbucks in Chicago MSA with long-term lease.
Type:LAND
Lot size:
1.16 Acres- Added:
- Sep 26, 2025
- Days on Market:
- 188
- Last Refresh:
- Mar 29 at 9:12 pm
Property Features for 6051 Central Ave
General Information
- Standard status
- Active
- Lot size
- 1.16 Acres
- Property subtype
- LAND
Listing agent Randy Blankstein License #IL 471007006
Listing office The Boulder Group - Corporate (847) 562-8500
Listing date Sep 26, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of The Boulder Group - Corporate
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Coffee shops
Location Insight
- Map
- Local Demand
- City
- Portage
- County
- Porter
- State
- Indiana
- Longitude
- -87.1807
- Latitude
- 41.5757
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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
