About This Restaurant
Investment Highlights
RARE 15-YEAR LEASE TERM | CORPORATE STARBUCKS | INVESTMENT GRADE CREDIT RATING (BBB+) MAJOR COMMUTER THOROUGHFARE | LIMITED COMPETITION | 43,400 VEHICLES PER DAY | MORNING SIDE TRAFFIC AFFLUENT NORTH CHICAGO SUBURB | $154K AVG. HOUSEHOLD INCOME STARBUCKS SELF-MAINTAINS THE PROPERTY | COMPLETLEY PASSIVE INVESTMENT LARGE STUDENT POPULATION | 23,190 STUDENTS WITHIN 1 MILE BRAND NEW 2024 CONSTRUCTION WITH HIGH-CAPACITY DRIVE-THRU | 15-CAR STACK
Executive Summary
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Fast Food General Retail Freestanding General Retail Restaurant Freestanding
- Building Size 2,225
- Building Class C
- Year Built 2024
- Price 2,615,000
- Price Per SF 1,175
- Cap Rate 5.85
- NOI 152,978
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 1.09 AC
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Drive Thru
Property Taxes
| Parcel Number | 07-19-303-033 | Improvements Assessment | $80,577 |
| Land Assessment | $62,742 | Total Assessment | $143,319 |
| Date Created: | 2024-07-16 04:13:38 | Last Updated: | 2024-07-16 04:13:38 |
| Address: | 34354 N Us Highway 45 , Third Lake, Illinois, 60030 | ||