Shopping Strip
Starbucks Anchored Two Tenant Center
1548-1550 N Larkin Ave, Joliet, IL 60435
Listing Price: $2,750,000
Investment Overview
This fully leased, two-tenant retail center is anchored by a top-performing Starbucks and Winnie Nails, both secured with long-term leases and rental escalations. The Starbucks ranks in the top 4 percent nationwide for visits, with over 515,600 visits in the past year, making it the best-performing coffee shop within a 13-mile radius. Positioned on Larkin Avenue with 28,700 vehicles per day and near major highways, the property benefits from a dense trade area with 93,410 residents within three miles. Located at a signalized intersection in North Ridge Plaza, it shares a retail hub with high-traffic national tenants like Hobby Lobby, Burlington, and VASA Fitness, drawing 3.1 million visitors annually. Additionally, the site is adjacent to major shopping centers, including Jewel-Osco, Hillcrest Shopping Center, and Louis Joliet Mall, which collectively see millions of visitors each year.
Starbucks Anchored Two Tenant Center
Investment Highlights
- 100 Percent Occupied Retail Center | Anchored by Top-performing Starbucks by Visits Nationwide, in Illinois, and Locally | Best-performing Coffee Shop Within a 13-mile Radius by Visits (Placer.ai)
- Starbucks: 9 Years Remaining on Lease with four (five-year) Renewal Options, Corporately Guaranteed
- Winnie Nails: Recently Signed a 10-year Lease with two (five-year) Renewal Options
- High-traffic, Dense Trade Area | Located on Larkin Avenue with 28,700 Vehicles per day and Near two Interstates
- The Property is Situated at a Signalized Intersection at the Entrance of North Ridge Plaza - Anchored by Major Retailers: Hobby Lobby, Burlington, Office Max, and VASA Fitness
- North Ridge Plaza saw 3.1 Million Visitors in the Past 12 Months and Ranks in the Top 6 Percent of Neighborhood Centers Nationwide Based on Visits (Placer.ai)
Listing Price: $2,750,000
Investment Highlights
- 100 Percent Occupied Retail Center | Anchored by Top-performing Starbucks by Visits Nationwide, in Illinois, and Locally | Best-performing Coffee Shop Within a 13-mile Radius by Visits (Placer.ai)
- Starbucks: 9 Years Remaining on Lease with four (five-year) Renewal Options, Corporately Guaranteed
- Winnie Nails: Recently Signed a 10-year Lease with two (five-year) Renewal Options
- High-traffic, Dense Trade Area | Located on Larkin Avenue with 28,700 Vehicles per day and Near two Interstates
- The Property is Situated at a Signalized Intersection at the Entrance of North Ridge Plaza - Anchored by Major Retailers: Hobby Lobby, Burlington, Office Max, and VASA Fitness
- North Ridge Plaza saw 3.1 Million Visitors in the Past 12 Months and Ranks in the Top 6 Percent of Neighborhood Centers Nationwide Based on Visits (Placer.ai)
Investment Overview
This fully leased, two-tenant retail center is anchored by a top-performing Starbucks and Winnie Nails, both secured with long-term leases and rental escalations. The Starbucks ranks in the top 4 percent nationwide for visits, with over 515,600 visits in the past year, making it the best-performing coffee shop within a 13-mile radius. Positioned on Larkin Avenue with 28,700 vehicles per day and near major highways, the property benefits from a dense trade area with 93,410 residents within three miles. Located at a signalized intersection in North Ridge Plaza, it shares a retail hub with high-traffic national tenants like Hobby Lobby, Burlington, and VASA Fitness, drawing 3.1 million visitors annually. Additionally, the site is adjacent to major shopping centers, including Jewel-Osco, Hillcrest Shopping Center, and Louis Joliet Mall, which collectively see millions of visitors each year.
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