Restaurant
Starbucks - Rare 15 Year Ground Lease
550 Houbolt Rd, Joliet, IL 60431
Listing Price: $2,999,999
Investment Overview
Built in 2025, this new Starbucks is secured by a rare 15-year ground lease with six, five-year renewal options, scheduled rental increases and a corporate guarantee. The property includes drive-thru access, which enhances convenience and long-term tenant appeal. Strategically positioned along Houbolt Road, the site benefits from visibility to 14,400 vehicles per day and excellent regional access, located just 1.3 miles from Interstate-80 (38,700 VPD) and 1.9 miles from Interstate-55 (74,500 VPD). It is located near Joliet’s major retail hub anchored by Walmart Supercenter, Menard’s, ALDI, Chipotle, Panera Bread and more — drawing over 5.5 million annual visitors. The property is located in a densely populated, affluent area with over 52,000 residents, 60,000 employees, and an average household income of $126,519 within a one-mile radius, supporting strong and growing consumer demand.
Starbucks - Rare 15 Year Ground Lease
Investment Highlights
- New Construction Starbucks with a Rare 15-Year Ground Lease
- Next to Joliet Regional Airport | Situated Near Interstate-55 & Interstate-80
- Frontage Along Houbolt Road, which sees 14,400 VPD
- 52,328 People Live and 60,253 People Work within a Three-Mile radius
- Average Household Income of $126,519 Within a One-Mile Radius
Listing Price: $2,999,999
Investment Highlights
- New Construction Starbucks with a Rare 15-Year Ground Lease
- Next to Joliet Regional Airport | Situated Near Interstate-55 & Interstate-80
- Frontage Along Houbolt Road, which sees 14,400 VPD
- 52,328 People Live and 60,253 People Work within a Three-Mile radius
- Average Household Income of $126,519 Within a One-Mile Radius
Investment Overview
Built in 2025, this new Starbucks is secured by a rare 15-year ground lease with six, five-year renewal options, scheduled rental increases and a corporate guarantee. The property includes drive-thru access, which enhances convenience and long-term tenant appeal. Strategically positioned along Houbolt Road, the site benefits from visibility to 14,400 vehicles per day and excellent regional access, located just 1.3 miles from Interstate-80 (38,700 VPD) and 1.9 miles from Interstate-55 (74,500 VPD). It is located near Joliet’s major retail hub anchored by Walmart Supercenter, Menard’s, ALDI, Chipotle, Panera Bread and more — drawing over 5.5 million annual visitors. The property is located in a densely populated, affluent area with over 52,000 residents, 60,000 employees, and an average household income of $126,519 within a one-mile radius, supporting strong and growing consumer demand.
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