1589 Waterleaf Dr - Freestanding FOR SALE


Westfield, IN 46074
$3,400,410 USD
858-373-3184
1589 Waterleaf Dr, Westfield, IN for Sale
$3,400,410 USD
Freestanding - FOR SALE
1/3
null | 5.85% Cap Rate

1589 Waterleaf Dr
Westfield, IN 46074


HIGHLIGHTS

  • 12 Year Starbucks Featuring 10% Rental Increases at Year 5 and at Each Option. Brand New 2025 High Quality Construction w/ Drive-Thru.
  • Hard Corner Location: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 11k Vehicles.
  • Starbucks has a S&P Investment Grade Credit Rating of “BBB+” and is Ranked #116 on the Fortune 500 List with an Annual Revenue of more than $36.17B.
  • Westfield is a Thriving Suburban Community Located Just North of Indianapolis. It has Experienced Significant Growth in Recent Years.
  • Densely Populated and Affluent Indianapolis Suburb: Features an Average Household Income of more than $182k (more than Double the National Average).
  • Within Marketplace at Harmony - Master-Planned Community spanning 275 Acres, featuring 915+ Single-Family Homes, 250 Multi-Family Homes, Retail etc.

OVERVIEW

W/in Marketplace at Harmony - Master Planned Community | Hard Corner Location | Brand New 2025 High Quality Construction | Densely Populated & Affluent Indianapolis Suburb: $182k+ Avg. HHI | Immediate Area Experiencing Major Growth | Near Medical Center | Westfield is a Thriving Suburban Community - One of the Most Desirable Places to Live in Hamilton County Indiana Broker of Record: Josh Caruana | 600 East 96th St., Ste. 500 Indianapolis, IN 46240 | P: (317) 218-5300 | Lic #: RB14034355 | Josh.Caruana@MarcusMillichap.com

FOR SALE DETAILS

PRICE

$3,400,410 USD

PRICE/SF

$1,371 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STARBUCKS W/ DRIVE-THRU | 12 YEAR LEASE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alvin MansourThe Mansour Group of Marcus & MillichapMore Info
858-373-3184

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Alvin MansourThe Mansour Group of Marcus & MillichapMore Info
858-373-3184

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.