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Restaurant

Starbucks | 10+ Years | New Construction

Southeast Corner of North Randall Road & McKee Street, Batavia, IL 60510

Listing Price: $2,444,533

Cap Rate
4.50%
Tenant Name
Starbucks
Years Remaining On Lease
10.3
Gross SF
2,225
Guarantor
Corporate Guarantee
Rentable SF
2,225
Price/Gross SF
$1,098.67
Lease Type
Single Net
Rent Per Square Feet
$49.44

Investment Overview

Marcus & Millichap is pleased to present a newly constructed Starbucks in Batavia, Illinois. The building is set to be completed by August 1, 2022. It is relocating from a nearby shopping center, where they have operated since 2001. The new 2022 construction includes a drive-thru and an outdoor patio seating area. This property has solid lease terms, 10-plus years net, corporately guaranteed lease by Starbucks Corporation. This also includes minimal landlord responsibility and strong 10% rent bumps every five years. It is located along a major retail thoroughfare of Kane County. Major retailers in the area include Target. ACE, ALDI, Menards, Home Depot, Walmart, Walgreens, and more. It is ideally situated at the signalized intersection of Randall Road and McKee Street, seeing over 37,000 vehicles per day. It is surrounded by attractive demographics, with an average household income exceeding $155,000 within three miles and an anticipated population growth of 2% by 2026.

Investment Highlights

  • New Built-to-Suit, Stand-Alone Starbucks
  • Relocating from a Nearby Shopping Center, where they have Operated Since 2001
  • New 2022 Construction | Includes Drive-Thru and Outdoor Seating Area
  • Solid Lease Terms | 10-Plus Year Net, Corporately Guaranteed Lease
  • Located Along a Major Retail Thoroughfare of Kane County
  • Ideally Situated at the Signalized Intersection of Randall Road and McKee Street | 37,450 Total Vehicles Passing per Day
  • Attractive Demographics | Affluent Area with Expected Population Growth

Exclusively Listed By

Restaurant

Starbucks | 10+ Years | New Construction

Listing Price: $2,444,533

Cap Rate
4.50%
Tenant Name
Starbucks
Years Remaining On Lease
10.3
Gross SF
2,225
Guarantor
Corporate Guarantee
Rentable SF
2,225
Price/Gross SF
$1,098.67
Lease Type
Single Net
Rent Per Square Feet
$49.44

Investment Highlights

  • New Built-to-Suit, Stand-Alone Starbucks
  • Relocating from a Nearby Shopping Center, where they have Operated Since 2001
  • New 2022 Construction | Includes Drive-Thru and Outdoor Seating Area
  • Solid Lease Terms | 10-Plus Year Net, Corporately Guaranteed Lease
  • Located Along a Major Retail Thoroughfare of Kane County
  • Ideally Situated at the Signalized Intersection of Randall Road and McKee Street | 37,450 Total Vehicles Passing per Day
  • Attractive Demographics | Affluent Area with Expected Population Growth

Investment Overview

Marcus & Millichap is pleased to present a newly constructed Starbucks in Batavia, Illinois. The building is set to be completed by August 1, 2022. It is relocating from a nearby shopping center, where they have operated since 2001. The new 2022 construction includes a drive-thru and an outdoor patio seating area. This property has solid lease terms, 10-plus years net, corporately guaranteed lease by Starbucks Corporation. This also includes minimal landlord responsibility and strong 10% rent bumps every five years. It is located along a major retail thoroughfare of Kane County. Major retailers in the area include Target. ACE, ALDI, Menards, Home Depot, Walmart, Walgreens, and more. It is ideally situated at the signalized intersection of Randall Road and McKee Street, seeing over 37,000 vehicles per day. It is surrounded by attractive demographics, with an average household income exceeding $155,000 within three miles and an anticipated population growth of 2% by 2026.

Exclusively Listed By

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