Starbucks in College Town (Purdue Univ)

PROPERTY CONTENT

Starbucks in College Town (Purdue Univ)

5.40% CAP | 1,824 SF | LAFAYETTE, IN

PROPERTY HIGHLIGHTS

• Subject is Situated on 0.494 Acres of Land with 1,824 Square Feet of Building GLA, Site Amenities Include Pylon Signage, Drive Thru and 20 Parking Spaces
• Subject is Located on the Southwest Corner of SR 26/South Street (34,000 VPD) & S Creasy Lane (26,000 VPD) Just Five Miles off of Highway Interstate 65 (55,000 VPD via Exit 172 (Source: INDOT 2019 Counts, LandVision)
• Tenant Starbucks (NASDAQ: SBUX) Has an Investment- Grade Credit Rating of BBB+ by S&P Global, with 7.5% Increases Every 5 Years in Base and Options
• Subject is an Outparcel to Premier Lafayette Pavilions Power Center, With Over 380,000-Square Feet of Flagship Retailers, Specialty Grocers and Restaurants | Anchored by TJ Maxx, Marshalls, ULTA Beauty, Fresh Thyme
• Starbucks has a 14-Year Operating History at this Location, Currently Operating on a 10-Year Lease Extension
• Major Retail Corridor Features Nearby Tenants Walmart Supercenter, Sam’s Club, Lowe’s Home Improvement, Dollar General, Super Target, VASA Fitness, UHaul, Taco Bell, KFC, Chick-Fil-A, Chipotle, Burger King and More
• Adjacent to Caterpillar Inc. Large Engine Manufacturing Facility, with 1,300 Employees and Growing with a Recent $73.6 Million Dollar Expansion
• Subject is Located Just One Hour Northwest of Indianapolis (60 Miles) and Two Hours South of Chicago (105 Miles) on Interstate 65
• West-Lafayette/Lafayette is an Affluent College Town, Home to Purdue University, with Over 44,500 Students Enrolled and 16,900 Faculty and Staff Working On-Campus (Source: Purdue.edu)
• Huge Daytime Population of 187,247 People Within Five Miles of Subject, Due to Proximity of Major Area Employers Including Arconic, Caterpillar, Subaru, and Wabash National
• The City of Lafayette Has a Population of Over 72,000 While the Lafayette-West Lafayette Metro has a Population of Approximately 223,000 Residents Across Three Indiana
• Counties, as of 2018 U.S. Census Estimates