Property summary
This offering presents a unique opportunity to acquire a fee-simple, newly constructed (2024) Starbucks located in Newburgh, Indiana, a rapidly growing suburb of Evansville. The property boasts a 2,166 square foot building on a one-acre lot, featuring 44 parking spaces and excellent visibility on Pointe View Drive. The property benefits from a strong, credit-rated tenant with a 9.4-year remaining lease term (expiring 03/31/2034) and four 5-year renewal options. The lease is a triple-net… (NNN) agreement, meaning the tenant covers all expenses except roof and structure maintenance. Rental income is further secured by a 7.5% rent increase every five years. The property currently generates a net operating income (NOI) of $167,000, representing a 5.75% capitalization rate. The location is strategically positioned within a thriving commercial corridor, near major employers like Deaconess Gateway Hospital and within close proximity to I-69 and IN-66, ensuring high traffic volume (40,593 average daily cars). The surrounding area features a strong demographic profile, with a 3-mile average household income of $139,678. This investment offers a stable, high-yield return with significant long-term growth potential in a prime location. The property's roof is covered by a warranty extending to 2039. This is a 100% occupied, single-tenant property with minimal landlord responsibilities. The asking price is $2,904,348, translating to $1,340.88 per square foot.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 12 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 2,166 SF
- Lot area
- 1 ac
- Year built
- 2024
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- 300 reports a month
- Ownership
- Owner Contacts
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- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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