Investment Overview

This rare net-leased Starbucks features a brand-new 15-year lease that commenced in March 2025, with four, five-year renewal options and 10 percent rental increases every five years, starting in 2030. The store opened in July 2025 following a recent build-out that includes a drive-thru and four points of ingress/egress, enhancing accessibility and long-term tenant appeal. The lease is corporately guaranteed by Starbucks Corporation, ensuring secure tenancy. It is shadow-anchored by a top-performing Menards, which attracts 1.3 million annual visitors and ranks in the top four percent of all U.S. locations (Placer.ai). Located near the interchange of I-90 and I-39, the site benefits from high traffic exposure with over 100,000 vehicles per day. The property sits across from CherryVale Mall—northern Illinois’ largest mall outside of suburban Chicago—and is surrounded by national retailers including Schnucks, CVS, Harley-Davidson, The Salvation Army and more. The property is supported by an affluent demographic, with an average household income of $102,546 within a mile and a daytime population of 47,653 within a three-mile radius.