Starbucks: O'Fallon, IL 105 E Highway 50 2,294 SF Retail Building O'Fallon, IL 62269 $2,666,700 ($1,162.47/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Starbucks’ 10-year net lease commenced in September and features a 7.5% rent increase in year 6 (2029) and in each of the four 5-year renewal options.
- Population of 40,144 and an average household income of $126,543 within a 3-mile radius.
- Located along East Highway 50 (14,400 VPD), feet from its signalized intersection with South Lincoln Avenue (7,600 VPD).
- 3.7 MSF of retail, 1.3 MSF of office and 2,822 multifamily units within a 3-mile radius.
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the 2,294-square-foot Starbucks Coffee situated on 1.30 acres in O’Fallon, IL — part of the larger St. Louis, MO MSA (MSA Population: 2.82M+). Recently constructed, Starbucks’ brand new, 10-year net lease commenced in September and features a 7.5% rent increase in year 6 (2029) and in each of the four 5-year options.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,294 SF
Year Built
2024
Price
$2,666,700
Price Per SF
$1,162.47
Cap Rate
6%
NOI
$160,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.30 AC
Parking
24 Spaces (10.46 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-32.0-100-028 | Improvements Assessment | $58,267 |
| Land Assessment | $156,742 | Total Assessment | $215,009 |
