Property summary
This exceptional investment opportunity presents a fee-simple interest in a brand-new (2024) Starbucks located at 1474 N State St, Greenfield, IN 46140. The property boasts 2,540 square feet on a 1.18-acre lot, situated in a central location within Greenfield, the county seat of Hancock County. This single-tenant retail property operates under a 10-year net lease (NNN) with four options, significantly reducing landlord responsibilities. The lease is corporately guaranteed by Starbucks Corporation, a credit-rated tenant (BBB+ by S&P) with a strong financial history. The property features both dine-in and drive-thru capabilities, catering to the high demand in the Indianapolis MSA (2.1M+ population). The asking price is $3,755,000, translating to $1,478.35 per square foot. The property is currently 100% occupied and zoned CN. This represents a compelling investment opportunity due to the strong tenant, long-term lease, and prime location within a growing market. The property's recent construction and established tenant ensure a stable and attractive return on investment. This is a rare chance to acquire a high-quality, net-leased property anchored by a globally recognized brand.
Property profile
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Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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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.
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