8190 Ridge Road - Retail FOR SALE


Hobart, IN 46342
$2,880,000 USD
617-239-3600
8190 Ridge Road, Hobart, IN for Sale
$2,880,000 USD
Retail - FOR SALE
1/6
null | 6.25% Cap Rate

8190 Ridge Road
Hobart, IN 46342


HIGHLIGHTS

  • RARE 12-YEAR SELFMAINTAINING LEASE - Minimal Landlord Responsibilities (Parking Lot Replacement, Roof, & Structure)
  • New construction should limit a new owner’s exposure to capital repairs during the hold period
  • The asset is located in a major retail submarket home to notable retailers such as CVS, Planet Fitness, and Stack & Van Til

OVERVIEW

Atlantic Capital Partners is pleased to present for sale the newly constructed Starbucks located at 8190 East Ridge Road in Hobart, Indiana. This 2,443 SF build-to-suit prototype is currently under construction with a projected opening date of Q3 2025. The property features excellent exposure along East Ridge Road and is located steps from the signalized intersection that sees over 36,000 vehicles per day. The 12-year lease with Starbucks was signed in November 2024 and rent is expected to commence Q3 2025. The lease includes four (4), five (5) year options and 10% rent increases every 5 years and at the start of each option. Starbucks will be paying $180,000 which increases to $198,000 at the start of the seventh (7th) lease year. This investment combines the advantages of new construction, limited landlord responsibilities, and a stable, long-term passive income stream.

FOR SALE DETAILS

PRICE

$2,880,000 USD

PRICE/SF

$1,179 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

45-09-21-353-029.000-045

ASK ABOUT THIS PROPERTY

Danny GriffinAtlantic Capital PartnersMore Info
617-239-3600

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Danny GriffinAtlantic Capital PartnersMore Info
617-239-3600

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