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Restaurant

Starbucks | New Construction | 10-Year Lease

541 Bob Blair Rd, Minooka, IL 60447

Listing Price: $2,300,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
2,300
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.00

Investment Overview

Marcus & Millichap is pleased to present Starbucks, new construction with 10-year lease located in Minooka, Illinois. This essential global tenant is the leading coffee company and coffee chain in the world. Build-to-suit new 2021 construction includes a drive-thru and an outdoor seating area. Strong lease terms with 10 years remaining on triple-net, corporately guaranteed lease and minimal landlord responsibility. Strong 10 percent rent bumps every five years with four, five-year options remaining. Ideally situated directly off interstate 80 with 67,950 vehicles passing per day. One block from the high-traffic intersection of Ridge Road and Mondamin Street with a combined traffic count exceeding 27,600 vehicles passing per day. Located amongst four schools and multiple distribution centers within one mile of subject property. There is attractive demographics within the affluent area and expected population growth. Within five miles of subject property, there is an average household income of $116,634. Anticipated population growth of five percent by 2025 within a five-mile radius

Investment Highlights

  • New 2021 Construction | Build-to-Suit
  • Essential Global Tenant | Starbucks Corporation
  • Includes a Drive-Thru and an Outdoor Seating Area
  • Strong Lease Terms | 10 Years Remaining on Triple-Net, Corporately Guaranteed Lease | Minimal Landlord Responsibility
  • Strong 10 Percent Rent Bumps Every Five Years
  • Ideally Situated Directly Off Interstate 80 | 67,950 Vehicles Passing per Day
  • Located Amongst Four Schools and Multiple Distribution Centers Within One Mile of Subject Property
  • Attractive Demographics | Affluent Area with Expected Population Growth

Exclusively Listed By

Restaurant

Starbucks | New Construction | 10-Year Lease

Listing Price: $2,300,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
2,300
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.00

Investment Highlights

  • New 2021 Construction | Build-to-Suit
  • Essential Global Tenant | Starbucks Corporation
  • Includes a Drive-Thru and an Outdoor Seating Area
  • Strong Lease Terms | 10 Years Remaining on Triple-Net, Corporately Guaranteed Lease | Minimal Landlord Responsibility
  • Strong 10 Percent Rent Bumps Every Five Years
  • Ideally Situated Directly Off Interstate 80 | 67,950 Vehicles Passing per Day
  • Located Amongst Four Schools and Multiple Distribution Centers Within One Mile of Subject Property
  • Attractive Demographics | Affluent Area with Expected Population Growth

Investment Overview

Marcus & Millichap is pleased to present Starbucks, new construction with 10-year lease located in Minooka, Illinois. This essential global tenant is the leading coffee company and coffee chain in the world. Build-to-suit new 2021 construction includes a drive-thru and an outdoor seating area. Strong lease terms with 10 years remaining on triple-net, corporately guaranteed lease and minimal landlord responsibility. Strong 10 percent rent bumps every five years with four, five-year options remaining. Ideally situated directly off interstate 80 with 67,950 vehicles passing per day. One block from the high-traffic intersection of Ridge Road and Mondamin Street with a combined traffic count exceeding 27,600 vehicles passing per day. Located amongst four schools and multiple distribution centers within one mile of subject property. There is attractive demographics within the affluent area and expected population growth. Within five miles of subject property, there is an average household income of $116,634. Anticipated population growth of five percent by 2025 within a five-mile radius

Exclusively Listed By

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