Press Releases
Marcus & Millichap Arranges $2.415M Sale of Net-Leased Starbucks in Rockford, Illinois
March 12, 2026
ROCKFORD, Ill., March 12, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a net-leased Starbucks property located in Rockford, Illinois, for $2,415,000.
“This offering generated significant investor interest, resulting in multiple competitive offers,” said Austin Weisenbeck, senior managing director investments. “The combination of a brand-new 15-year lease and the strength of the surrounding retail corridor made this a highly attractive opportunity for net-leased investors. The property ultimately sold to an all-cash buyer.”
Weisenbeck and Sean Sharko, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a local developer, and procured the buyer, an out-of-state institutional investor.
Located at 2137 S. Perryville Road, the Starbucks features a 15-year, corporate-guaranteed lease. The recently constructed store opened in July 2025 and is shadow-anchored by a top-performing Menards that ranks in the top 4 percent of stores nationwide. It sits across from CherryVale Mall and near national retailers including Schnucks, CVS and Harley-Davidson.
“This offering generated significant investor interest, resulting in multiple competitive offers,” said Austin Weisenbeck, senior managing director investments. “The combination of a brand-new 15-year lease and the strength of the surrounding retail corridor made this a highly attractive opportunity for net-leased investors. The property ultimately sold to an all-cash buyer.”
Weisenbeck and Sean Sharko, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a local developer, and procured the buyer, an out-of-state institutional investor.
Located at 2137 S. Perryville Road, the Starbucks features a 15-year, corporate-guaranteed lease. The recently constructed store opened in July 2025 and is shadow-anchored by a top-performing Menards that ranks in the top 4 percent of stores nationwide. It sits across from CherryVale Mall and near national retailers including Schnucks, CVS and Harley-Davidson.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
