Restaurant
Starbucks
1110 W Morton Ave, Jacksonville (West of Springfield), IL 62650
Listing Price: $2,572,000
Cap Rate
6.60%
Tenant Name
Starbucks
Years Remaining On Lease
7.6
Guarantor
Corporate Guarantee
Rentable SF
2,243
Lease Type
Double Net
Rent Per Square Feet
$75.69
Investment Overview
Marcus & Millichap is pleased to present the Starbucks in Jacksonville, IL.
Starbucks
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
- Largest Coffeehouse Chain Globally with 41,000+ Stores in 88 Countries
- New Prototype Generates 50% More Revenue and Supports 70%+ of Sales Through Mobile, Drive-Thru, and Delivery
- Strategic Location, the Only Freestanding Starbucks in Morgan County
- Directly Across from Illinois College and Jacksonville Middle School
- Surrounded by Walmart Supercenter, Home Depot, HyVee, Aldi, Marshalls, Ollie's Outlet, Dunham's Sports, and Many More
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Managing Director, Market Leader - Chicago
Financing By
Listing Price: $2,572,000
Cap Rate
6.60%
Tenant Name
Starbucks
Years Remaining On Lease
7.6
Guarantor
Corporate Guarantee
Rentable SF
2,243
Lease Type
Double Net
Rent Per Square Feet
$75.69
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
- Largest Coffeehouse Chain Globally with 41,000+ Stores in 88 Countries
- New Prototype Generates 50% More Revenue and Supports 70%+ of Sales Through Mobile, Drive-Thru, and Delivery
- Strategic Location, the Only Freestanding Starbucks in Morgan County
- Directly Across from Illinois College and Jacksonville Middle School
- Surrounded by Walmart Supercenter, Home Depot, HyVee, Aldi, Marshalls, Ollie's Outlet, Dunham's Sports, and Many More
Investment Overview
Marcus & Millichap is pleased to present the Starbucks in Jacksonville, IL.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Managing Director, Market Leader - Chicago
Financing By
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