- For Sale $2,983,870
- Property Type Retail
- Property Size 2,240 SF
- Lot Size 1.16 Acre
- Date Updated May 14, 2026
Description
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Starbucks property within the Chicago MSA in Portage,
Indiana. The property was constructed for Starbucks in 2025 with a rare new 12-year lease commencing in January 2026. The lease features 10%
rental escalations in the primary term and four 5-year renewal options. Unlike most Starbucks leases, tenant is responsible for all day-to-day
maintenance of the property.
The 2,240 square-foot building is located in the heart of Portage’s downtown at a signalized intersection along Central Avenue, a primary
thoroughfare through the city. The property benefits from the immediate proximity to Interstate 80 (79,000 VPD) and shadow anchor position to
Meadows Shopping Center. The center is occupied by Strack & Van Till (Hy-Vee), Family Dollar, Jimmy John’s, Pet Supplies Plus, Dunkin’, Burger
King, and H&R Block. Other neighboring retailers include Ace Hardware, Walgreens, McDonald’s, AutoZone, Fifth Third Bank, and several others.
Additionally, the property is within walking distance of the Promenade at Founders Square, a 304-unit luxury apartment complex that opened
in 2018. There are 85,000 people living within a five-mile radius and the average household income within one mile exceeds $99,000.
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Contacts
The Boulder Group
The Boulder Group