February 18, 2025 – Mark Heidecke of Horvath & Tremblay has successfully completed the sale of a Starbucks Center in Portage, Indiana. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,960,000.
The Starbucks Center is located at 6295 Ameriplex Drive in Portage, Indiana. The two tenant center is leased to Starbucks and Fairway Golf, Drinks & Food and contains 5,251 square feet of gross leasable area on a 1.15-acre parcel. Starbucks has 8+ years remaining on their lease with four (4), 5-year renewal options. Fairway Golf, Drinks & Food has just under 2 years remaining on their lease with two (2) renewal options. Both Tenants have net leases and reimburse the majority of the operating expenses and scheduled rent increases in either the primary lease term or in the renewal options, protecting against rising operating expenses and providing an attractive increase in revenue and hedge against inflation. The highly visible Property is strategically located adjacent to the signalized intersection of Ameriplex Drive and Crisman Road, at the entrance of AmeriPlex at the Port, a 387-acre mixed-use business/industrial park, which is home to more than 2,500 workers. Ameriplex is within 2-miles of Lake Michigan and the Ports of Indiana at Burns Harbor and offers outstanding access to the area’s transportation infrastructure (land, air, and water), as well as access to cost-saving advantages (business tax guidelines and state and local economic incentives). The Property is surrounded by Bass Pro Shops, several national restaurant brands and nationally branded hotels, and several large industrial buildings that drive traffic to the area. Additionally, the property offers convenient access to the area’s primary roadways including Interstate 94 (0.5-miles), US Highway 20 (0.8-miles), US Highway 12 (0.9-miles) and Interstate 90 (2.1-miles), and is 35-miles southeast of Chicago.
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.