2045 Northgate Dr West Lafayette, IN 47906

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.