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Restaurant

Starbucks w/ Drive-Thru | Infill Chicago | 15 Year Lease | Brand New 2024 High Quality Construction

4751 S Central Ave, Chicago, IL 60638

Listing Price: $3,902,655

Cap Rate
5.65%
Tenant Name
Starbucks
Years Remaining On Lease
14.7
Gross SF
2,231
Guarantor
Corporate Guarantee
Rentable SF
2,231
Price/Gross SF
$1,749.29
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$98.83

Investment Overview

Chicago is the most populous city in the U.S. state of Illinois and the third-most populous in the
United States, after New York City and Los Angeles. With a population of 2,746,388 in the 2020 census,
it is also the most populous city in the Midwestern United States. As the seat of Cook County (the
second-most populous U.S. county), the city is the center of the Chicago metropolitan area, one of
the largest in the world. Chicago is an international hub for finance, culture, commerce, industry,
education, technology, telecommunications, and transportation. It is the site of the creation of
the first standardized futures contracts, issued by the Chicago Board of Trade, which today is part
of the largest and most diverse derivatives market in the world, generating 20% of all volume in
commodities and financial futures alone. O'Hare International Airport is routinely ranked among
the world's top six busiest airports according to tracked data by the Airports Council International.
The region also has the largest number of federal highways and is the nation's railroad hub. The
Chicago area has one of the highest gross domestic products (GDP) in the world, generating $689
billion in 2018. The economy of Chicago is diverse, with no single industry employing more than
14% of the workforce. It is home to several Fortune 500 companies, including Archer Daniels
Midland, Conagra Brands, Exelon, JLL, Kraft Heinz, McDonald's, Mondelez International, Motorola
Solutions, Sears, and United Airlines Holdings.

Investment 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. Immediate Access to/from Interstate-55.
  • 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 Billion.
  • The Site Benefits from its Close Proximity to Downtown Chicago - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.
  • Strong Daytime Employment Area - Across FedEx Freight Distribution Center & Surrounded by Numerous Established Distribution Centers, Industrial & Manufacturing Plants. Large Base of Employees w/in Walking Distance or a Short Drive.
  • Extremely Dense and Affluent Area with over 647k People Residing in a 5-Mile Radius and an Average Household Income of more than $80k within a 1-Mile Radius.
  • Chicago is the Cultural Epicenter of the Midwest - 9.5 Million People call the Nation's Third Largest Metro Home.
  • Minutes from Midway International Airport - One of the Busiest Airports in the Nation and the 2nd-busiest Airport both in the Chicago Metro & the State of Illinois, serving 22M+ Passengers in 2023.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • David Kern

    First Vice President Investments

    (858) 373-3185

    Email David

    License(s): CA: 01878012

    San Diego Downtown

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Restaurant

Starbucks w/ Drive-Thru | Infill Chicago | 15 Year Lease | Brand New 2024 High Quality Construction

Listing Price: $3,902,655

Cap Rate
5.65%
Tenant Name
Starbucks
Years Remaining On Lease
14.7
Gross SF
2,231
Guarantor
Corporate Guarantee
Rentable SF
2,231
Price/Gross SF
$1,749.29
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$98.83

Investment 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. Immediate Access to/from Interstate-55.
  • 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 Billion.
  • The Site Benefits from its Close Proximity to Downtown Chicago - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.
  • Strong Daytime Employment Area - Across FedEx Freight Distribution Center & Surrounded by Numerous Established Distribution Centers, Industrial & Manufacturing Plants. Large Base of Employees w/in Walking Distance or a Short Drive.
  • Extremely Dense and Affluent Area with over 647k People Residing in a 5-Mile Radius and an Average Household Income of more than $80k within a 1-Mile Radius.
  • Chicago is the Cultural Epicenter of the Midwest - 9.5 Million People call the Nation's Third Largest Metro Home.
  • Minutes from Midway International Airport - One of the Busiest Airports in the Nation and the 2nd-busiest Airport both in the Chicago Metro & the State of Illinois, serving 22M+ Passengers in 2023.

Investment Overview

Chicago is the most populous city in the U.S. state of Illinois and the third-most populous in the United States, after New York City and Los Angeles. With a population of 2,746,388 in the 2020 census, it is also the most populous city in the Midwestern United States. As the seat of Cook County (the second-most populous U.S. county), the city is the center of the Chicago metropolitan area, one of the largest in the world. Chicago is an international hub for finance, culture, commerce, industry, education, technology, telecommunications, and transportation. It is the site of the creation of the first standardized futures contracts, issued by the Chicago Board of Trade, which today is part of the largest and most diverse derivatives market in the world, generating 20% of all volume in commodities and financial futures alone. O'Hare International Airport is routinely ranked among the world's top six busiest airports according to tracked data by the Airports Council International. The region also has the largest number of federal highways and is the nation's railroad hub. The Chicago area has one of the highest gross domestic products (GDP) in the world, generating $689 billion in 2018. The economy of Chicago is diverse, with no single industry employing more than 14% of the workforce. It is home to several Fortune 500 companies, including Archer Daniels Midland, Conagra Brands, Exelon, JLL, Kraft Heinz, McDonald's, Mondelez International, Motorola Solutions, Sears, and United Airlines Holdings.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • David Kern

    First Vice President Investments

    (858) 373-3185

    Email David

    License(s): CA: 01878012

    San Diego Downtown

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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