March 3, 2021 – Matt Nadler, Brad Canova and Brian Triglione of Horvath & Tremblay have successfully completed the sale of a Starbucks Plaza in Hammond, Indiana. Horvath & Tremblay exclusively represented the seller and procured the buyer in this transaction at a sale price of $2,450,000.
The Starbucks Plaza is located at 7843 Indianapolis Boulevard (US Route 41) in Hammond, Indiana. The property is a 4,920 square foot three-tenant retail center on a 0.80-acre parcel. The Starbucks Plaza is 100% leased by three national tenants with outstanding brand recognition. All three tenants have net leases with scheduled rent increases; Starbucks has a corporate guarantee, while Sport Clips and JJ Fish & Chicken are franchise locations with net leases and personal guarantees. The Starbucks Plaza is situated along Indianapolis Boulevard (US Route 41), just 300 feet from Interstate 94/US Route 6. The property is shadow anchored by the Gateway Promenade (Aldi and Planet Fitness), and benefits from three points of entry and egress and excellent visibility along US Route 41. A Walmart Supercenter and a Cabela’s Sporting Goods Store are located directly across Indianapolis Boulevard from the Starbucks Plaza. The Starbucks Plaza is 1-mile from the Purdue University Northwest – Hammond Campus, which is home to 9,800 students. Additionally, there are six hotels within 1.5-miles of the property.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.