STARBUCKS w/ DR-THRU | RARE 15YR NNN GROUND 1001 N Randall Rd 2,279 SF Retail Building Elgin, IL 60123 $3,425,000 ($1,502.85/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare 15 Year NNN Ground Lease featuring 10% Rental Increases in Year 6 and Every Extension. Brand New 2025 High Quality Construction w/ Drive-Thru.
- Starbucks has a S&P Investment Grade Credit Rating of “BBB+” and is Ranked #116 on the Fortune 500 List with an Annual Revenue of more than $36.17B.
- Strong Daytime Employment Area - Surrounded by Numerous Established Distribution Centers, Industrial & Manufacturing Plants.
- Positioned Along Area’s Major Traffic and Retail Corridor: Features Easy Access & Excellent Visibility at Highly Trafficked Randall Road.
- Near Advocate Sherman Hospital - a Full-Service Medical Facility with 255 Beds, Offering Advanced Healthcare Services.
- Densely Populated and Affluent Area: Features an Average Household Income of $119k+ within a 1-Mile Radius and more than 159k People w/in 5 Miles.
EXECUTIVE SUMMARY
Brand New 2025 Construction | High Traffic Counts | Near I-90 | Strong Daytime Employment Area | Densely Populated & Affluent Area: $119k+ Avg. HHI | Near two Major Medical Centers | Minutes from Numerous Schools including Elgin Community College
Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 | Steven.Weinstock@MarcusMillichap.com
Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 | Steven.Weinstock@MarcusMillichap.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,279 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$3,425,000
Price Per SF
$1,502.85
Cap Rate
6%
NOI
$205,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.10 AC
Zoning
PAB
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Starbucks
- Retailer
- 2,279 SF
- -
- Triple Net
- Apr 2040
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Starbucks | Retailer | 2,279 SF | - | Triple Net | Apr 2040 |
PROPERTY TAXES
| Parcel Number | 06-09-154-002 | Improvements Assessment | $968,576 |
| Land Assessment | $1,007,026 | Total Assessment | $1,975,602 |
