Skip to main content

Shopping Strip

Starbucks Anchored Center | Menards Outparcel

200 E North Ave., West Chicago, IL 60185

Listing Price: $4,295,000

Cap Rate
6.25%
Gross SF
9,768
Rentable SF
9,768
Price/Gross SF
$439.70
Lot Size
1.51 acres
Year Built
2007

Investment Overview

Marcus & Millichap is pleased to exclusively offer an outparcel to Menards with an excellent lineup of nationally recognized tenants. Anchored by Starbucks with 10 years remaining with four, five year option periods and offers a drive-thru. Multiple tenants have exercised rental renewals; Verizon Wireless, Starbucks and Jimmy John’s have 14 plus years of operating history and DOmino's Pizza and Sports Clips have eight. The center is institutionally owned and managed with tenants operating under net leases with management and/or administaration fee reimbursement. The property is situated on a hard-corner, stoplight intersection with maximum visibility with a traffic count exceeding 70,000 vehicles per day. Within five miles of the subject property there is a population of 141,000 people and an even greater workforce, as well as and average household income of $131,000.

Investment Highlights

  • Outparcel to Menards | Third Largest Home Improvement Chain in the United States
  • Excellent Line Up of Nationally Recognized Tenants
  • 10 Years Remaining on Starbucks with Four, Five-Year Option Periods | Drive-Thru
  • Verizon Wireless, Starbucks and Jimmy John's have 14 Plus Years of Operating History
  • Institutionally Owned and Managed Property

Exclusively Listed By

Shopping Strip

Starbucks Anchored Center | Menards Outparcel

Listing Price: $4,295,000

Cap Rate
6.25%
Gross SF
9,768
Rentable SF
9,768
Price/Gross SF
$439.70
Lot Size
1.51 acres
Year Built
2007

Investment Highlights

  • Outparcel to Menards | Third Largest Home Improvement Chain in the United States
  • Excellent Line Up of Nationally Recognized Tenants
  • 10 Years Remaining on Starbucks with Four, Five-Year Option Periods | Drive-Thru
  • Verizon Wireless, Starbucks and Jimmy John's have 14 Plus Years of Operating History
  • Institutionally Owned and Managed Property

Investment Overview

Marcus & Millichap is pleased to exclusively offer an outparcel to Menards with an excellent lineup of nationally recognized tenants. Anchored by Starbucks with 10 years remaining with four, five year option periods and offers a drive-thru. Multiple tenants have exercised rental renewals; Verizon Wireless, Starbucks and Jimmy John’s have 14 plus years of operating history and DOmino's Pizza and Sports Clips have eight. The center is institutionally owned and managed with tenants operating under net leases with management and/or administaration fee reimbursement. The property is situated on a hard-corner, stoplight intersection with maximum visibility with a traffic count exceeding 70,000 vehicles per day. Within five miles of the subject property there is a population of 141,000 people and an even greater workforce, as well as and average household income of $131,000.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower