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Restaurant

Starbucks

519 Main St, Evanston, IL 60202

Listing Price: $1,516,000

Cap Rate
4.75%
Tenant Name
Starbucks
Years Remaining On Lease
6.2
Gross SF
2,308
Guarantor
Corporate Guarantee
Rentable SF
2,308
Price/Gross SF
$656.85
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.20

Investment Overview

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.” The company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores. Evanston is a college town suburb of Chicago located in Cook County, Illinois and situated on the North Shore along Lake Michigan. As of 2020, Evanston has an estimated population of 78,110 residents. The city is 12 miles north of Chicago, easily connected by rail transit (Chicago’s ‘L’ train system) and I-94. Home to Northwestern University and Rotary International, Evanston’s unique beauty and character delights visitors and residents alike.

Investment Highlights

  • Six Years Remaining on Triple-Net (NNN) Corporate Lease with Starbucks
  • Rental Increases Occurring Every Five Years
  • Dense Evanston Infill with 502,139 Residents within a Five-Mile Radius - College Town Location Just 12 Miles North of Downtown Chicago
  • Average Household Income Exceeds $119,000 Within a One-Mile Radius
  • Situated One Mile South of Downtown Evanston and Northwestern University (Over 21,000 Students) - Easily Accessible via the Chicago 'L' Line
  • Conveniently Located Next to Two Major Train/Metro Stops with Direct Access to/from Chicago and Evanston
  • Over 25,400 Cars per Day at the Signalized Intersection of Main Street and Chicago Avenue
  • Located on the Ground Floor of a Condominium Complex and Across the Street from 112 Luxury Apartment Units

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Restaurant

Starbucks

Listing Price: $1,516,000

Cap Rate
4.75%
Tenant Name
Starbucks
Years Remaining On Lease
6.2
Gross SF
2,308
Guarantor
Corporate Guarantee
Rentable SF
2,308
Price/Gross SF
$656.85
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.20

Investment Highlights

  • Six Years Remaining on Triple-Net (NNN) Corporate Lease with Starbucks
  • Rental Increases Occurring Every Five Years
  • Dense Evanston Infill with 502,139 Residents within a Five-Mile Radius - College Town Location Just 12 Miles North of Downtown Chicago
  • Average Household Income Exceeds $119,000 Within a One-Mile Radius
  • Situated One Mile South of Downtown Evanston and Northwestern University (Over 21,000 Students) - Easily Accessible via the Chicago 'L' Line
  • Conveniently Located Next to Two Major Train/Metro Stops with Direct Access to/from Chicago and Evanston
  • Over 25,400 Cars per Day at the Signalized Intersection of Main Street and Chicago Avenue
  • Located on the Ground Floor of a Condominium Complex and Across the Street from 112 Luxury Apartment Units

Investment Overview

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.” The company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores. Evanston is a college town suburb of Chicago located in Cook County, Illinois and situated on the North Shore along Lake Michigan. As of 2020, Evanston has an estimated population of 78,110 residents. The city is 12 miles north of Chicago, easily connected by rail transit (Chicago’s ‘L’ train system) and I-94. Home to Northwestern University and Rotary International, Evanston’s unique beauty and character delights visitors and residents alike.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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