STARBUCKS W/ DRIVE-THRU | INFILL CHICAGO
2,231 SF | 4-Star Retail Building | Chicago, IL 60638 | $3,902,655 ($1,749/SF) | 5.65% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,902,655
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,231 SF
- Price / Square Foot
- $1,749
Listing Contacts
Alvin Mansour
Verified Profile
David Kern
Verified Profile
Steven Weinstock
Verified Profile
- Property Info
Property Overview
Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 | [email protected]
15 Year Lease | Rare Special Use Permit with Dr-Thru in City of Chicago | Brand New 2024 High Quality Construction | Extremely Dense & Affluent Area: 647k+ People w/in 5-Mile Radius | High Traffic Counts | Strong Daytime Employment Area - Across FedEx Freight Distribution Center | Immediate Access to/from I-55 | Minutes from Midway International Airport - One of the Busiest Airports in the Nation
15 Year Lease | Rare Special Use Permit with Dr-Thru in City of Chicago | Brand New 2024 High Quality Construction | Extremely Dense & Affluent Area: 647k+ People w/in 5-Mile Radius | High Traffic Counts | Strong Daytime Employment Area - Across FedEx Freight Distribution Center | Immediate Access to/from I-55 | Minutes from Midway International Airport - One of the Busiest Airports in the Nation
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding, Storefront
- Lot Size (sq. ft)
- 23,958 SF
Highlights
- 15 Year Starbucks Featuring a 15% Rental Increase in 2034 and 10% at Options 2 - 4. Brand New 2024 High Quality Construction w/ Drive-Thru.
- Positioned Along Area’s Traffic and Industrial Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 31k Vehicles.
- Starbucks has a S&P Investment Grade Credit Rating of “BBB+” and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $35.97 B.
- Extremely Dense and Affluent Area with over 647k People Residing in a 5-Mile Radius & an Average Household Income of $80k+ w/in a 1-Mile Radius.
- Strong Daytime Employment Area - Across FedEx Freight Distribution Center & Surrounded by Numerous Established Distribution Centers, Industrial etc
- The Site Benefits from its Close Proximity to Downtown Chicago - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants.
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