2045 Northgate Dr West Lafayette, IN 47906-9038
Property profile & analytics
2045 Northgate Dr West Lafayette, IN 47906-9038
- Drive through restaurants
- 2,177 SF
- 1.02 lot acres
Property ID
US31-3157720
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Drive through restaurants
Property Details for 2045 Northgate Dr
- Year built
- 2022
- Construction
- WOOD
- Lot size
- 1.02 lot acres
- Property size
- 2,177 SF
- Property type
- Drive through restaurants
- APN
- 79-03-27-101-001.000-019
- APU
- 790327101001000019
Description
This fee-simple, 2,166 sq ft Starbucks in West Lafayette, IN, offers a compelling investment opportunity. Built in 2023, the property boasts a strong 6.00% cap rate and a stabilized net operating income (NOI) of $130,000. The single-tenant, credit-rated Starbucks lease commenced January 9, 2023, and extends through February 28, 2033, with four 5-year options. The lease is a triple-net (NNN) agreement, meaning the tenant covers all common area maintenance (CAM), real estate taxes, and insurance expenses, maximizing your cash flow. Rent increases of 7.50% every five years are built into the lease, providing further income growth. The property is situated on a 1.023-acre lot at 2045 Northgate Dr, West Lafayette, IN 47906, in a high-traffic area near I-65 and Purdue University. The property benefits from a 15-year roof warranty expiring in 2038. This is a low-management, high-return investment with significant long-term potential. The property's prime location, strong tenant, and favorable lease terms make it an exceptional addition to any portfolio. The asking price is $2,166,667, representing a price per square foot of $1,000.31. This represents a rare opportunity to acquire a newly constructed, high-performing Starbucks location with a long-term lease and built-in rent growth.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- West Lafayette
- County
- Tippecanoe
- State
- Indiana
- Longitude
- -86.8675
- Latitude
- 40.5007
- CBSA code
- 29200
- CBSA name
- LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,950
$404,400
$597,660
$1,002,060
-
$404,400
$597,660
$1,002,060
