Investment Overview

This new construction Starbucks, which opened in May 2025, features a rare 15-year ground lease with 6, 5-year renewal options. The lease is corporately guaranteed by Starbucks Corporation, ensuring secure tenancy, and the tenant is responsible for maintaining the roof, structure, parking lot, HVAC, and CAM, minimizing landlord responsibilities. The property includes drive-thru access, enhancing convenience and long-term tenant appeal. It shares Columbia Parkway access with a newer developed Casey’s, which ranks in the top 12% of locations nationwide by visits. Strategically positioned near the interchange of Interstates 90 and 39, which together see over 100,000 vehicles per day, the site benefits from excellent regional access. Located just 1.7 miles from CherryVale Mall—the largest shopping mall in northern Illinois outside suburban Chicago—and surrounded by major national retailers, the property enjoys strong retail synergy. The surrounding area is densely populated, with over 50,000 residents and 60,000 employees within a three-mile radius and an average household income nearing $97,000 within one mile - supporting sustained consumer demand.