9919 Pointe Vw Dr Newburgh, IN 47630
Description
- Added:
- Dec 11, 2024
- Days on Market:
- 369
Property Features for 9919 Pointe Vw Dr
General Information
- Property type
- Restaurants
- Square Feet
- 2,166 SF
- Lot Size
- 43,560 SF
Building Details
- Year Built
- 2024
- Units
- 1
HighLights
- $2,904,348 asking price for a stabilized, single‑tenant, fee‑simple Starbucks property.
- New construction, 2,166 square feet, built in 2024, on a 1‑acre lot with 44 parking spaces.
- 10.1‑year lease (9.4 years remaining) commencing March 4, 2024, and expiring March 31, 2034, with four 5‑year options; 7.5% rent bumps every 5 years.
- Credit‑rated Starbucks tenant; Net‑Net‑Net (NNN) lease; landlord responsible for roof and structure only; $167,000 annual NOI; 5.75% cap rate; $1,340.88 price per square foot.
- Excellent location in a growing commercial corridor in Newburgh, Indiana, with high traffic counts (40,593 average daily vehicles) and strong demographics (average household income of $139,678 within a 3‑mile radius).
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Map
- City
- Newburgh
- County
- Warrick
- State
- Indiana
- Longitude
- -87.430301893538
- Latitude
- 37.976815590831
Nearby Comparable
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - Newburgh, IN: High-Yield Retail Investment
Where is this restaurant located?
The property is located at 9919 Pointe Vw Dr Newburgh, IN.
What is the asking price?
The asking price for this property is $2,904,348.
What are key features of this property?
This property features: $2,904,348 asking price for a stabilized, single-tenant, fee-simple Starbucks property.; New construction, 2,166 square feet, built in 2024, on a 1-acre lot with 44 parking spaces.; 10.1-year lease (9.4 years remaining) commencing March 4, 2024, and expiring March 31, 2034, with four 5-year options; 7.5% rent bumps every 5 years.
