Restaurant
Starbucks | Near 22K+ Student University | New 10-Yr. Lease
1601 W Market St, Bloomington, IL 61701
Listing Price: $2,623,500
Cap Rate
6.40%
Tenant Name
Starbucks
Years Remaining On Lease
8.0
Guarantor
Corporate Guarantee
Rentable SF
2,265
Lease Type
Double Net
Rent Per Square Feet
$74.13
Investment Overview
Marcus & Millichap is pleased to present the Starbucks in Bloomington, IL.
Starbucks | Near 22K+ Student University | New 10-Yr. Lease
Investment Highlights
- New 10-Year Corporate Lease with No Early Termination Clause
- 7% Rental Increases Every 5 Years in the Base Term and Options
- Investment Grade Credit Tenant (Rated BBB+ by S&P), Ranked #125 on Fortune 500
- New High-Quality Construction with a Drive-Thru, Minimal Landlord Responsibilities
- Serving Over 112,000 Residents in Established Central Illinois Trade Area
- One of the Fastest Growing Metro Areas in Illinois with Residential, Commercial, and Industrial Growth
- Strategic Location, Only Freestanding Starbucks in West Bloomington, Nearest Store is 4+ Miles Away
- Minutes to $2+ Billion Rivian Manufacturing Plant with 8,000+ Employees, $1.5 Billion Expansion Under Construction
Restaurant
Starbucks | Near 22K+ Student University | New 10-Yr. Lease
Listing Price: $2,623,500
Cap Rate
6.40%
Tenant Name
Starbucks
Years Remaining On Lease
8.0
Guarantor
Corporate Guarantee
Rentable SF
2,265
Lease Type
Double Net
Rent Per Square Feet
$74.13
Investment Highlights
- New 10-Year Corporate Lease with No Early Termination Clause
- 7% Rental Increases Every 5 Years in the Base Term and Options
- Investment Grade Credit Tenant (Rated BBB+ by S&P), Ranked #125 on Fortune 500
- New High-Quality Construction with a Drive-Thru, Minimal Landlord Responsibilities
- Serving Over 112,000 Residents in Established Central Illinois Trade Area
- One of the Fastest Growing Metro Areas in Illinois with Residential, Commercial, and Industrial Growth
- Strategic Location, Only Freestanding Starbucks in West Bloomington, Nearest Store is 4+ Miles Away
- Minutes to $2+ Billion Rivian Manufacturing Plant with 8,000+ Employees, $1.5 Billion Expansion Under Construction
Investment Overview
Marcus & Millichap is pleased to present the Starbucks in Bloomington, IL.
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