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.