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6051 Central Ave
Portage, IN 46368

$2,983,870 USD

General Retail For Sale  •  2,240 SF

Property Details

• Property Type General Retail
• Total Building Size 2,240 SF
• Lot Size 1.16 AC
• Building Class B
• Year Built 2025
• Cap Rate 6.20 %
• Tenancy Single

0 Transit Score

64 Walk Score

Highlights

Positioned within the Chicago MSA

New construction completed in 2025

Unlike most Starbucks leases, tenant is responsible for all day-to-day maintenance of the property

Rare long-term 12-year lease with 10% rental escalations

Signalized intersection along Central Avenue in Downtown Portage

Within walking distance of the Promenade at Founders Square – 304-unit luxury apartment complex

Property Flyers

OM-Starbucks-Portage-IN

Cap Rate:

6.20 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Starbucks		9/30/2037

Amenities

• Corner Lot
• Drive Thru

Public Transportation

Commuter Rail	Drive	Walk	Distance
Ogden Dunes (Portage) Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line))	8 min	-	4.2 mi
Miller (Gary) Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line))	12 min	-	5.6 mi
Airport	Drive	Walk	Distance
Chicago Midway International	57 min	-	39.4 mi