1474 State StGreenfield, IN 46140

Property Details for 1474 State St

Year built

2024

Lot size

1.18 AC

Property size (Sq ft)

2,540 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents a fee-simple interest in a brand-new (2024) Starbucks located at 1474 N State St, Greenfield, IN 46140. The property boasts 2,540 square feet on a 1.18-acre lot, situated in a central location within Greenfield, the county seat of Hancock County. This single-tenant retail property operates under a 10-year net lease (NNN) with four options, significantly reducing landlord responsibilities. The lease is corporately guaranteed by Starbucks Corporation, a credit-rated tenant (BBB+ by S&P) with a strong financial history. The property features both dine-in and drive-thru capabilities, catering to the high demand in the Indianapolis MSA (2.1M+ population). The asking price is $3,755,000, translating to $1,478.35 per square foot. The property is currently 100% occupied and zoned CN. This represents a compelling investment opportunity due to the strong tenant, long-term lease, and prime location within a growing market. The property's recent construction and established tenant ensure a stable and attractive return on investment. This is a rare chance to acquire a high-quality, net-leased property anchored by a globally recognized brand.

Location Insight

City

Greenfield

County

Hancock

State

Indiana

Latitude

39.8028

Longitude

-85.7701

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