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Starbucks 1110 W Morton Ave 2,243 SF Retail Building Jacksonville, IL 62650 $2,572,000 ($1,146.68/SF) 6.60% Cap Rate
INVESTMENT HIGHLIGHTS
- New 10-Year Corporate Lease with No Early Termination Clause
- Investment Grade Credit Tenant (Rated BBB+ by S&P), Ranked #125 on Fortune 500
- New Prototype Generates 50% More Revenue and Supports 70%+ of Sales Through Mobile, Drive-Thru, and Delivery
- 7% Rental Increases Every 5 Years in the Base Term and Options
- Largest Coffeehouse Chain Globally with 41,000+ Stores in 88 Countries
- Strategic Location, the Only Freestanding Starbucks in Morgan County
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
2,243 SF
Building Class
C
Year Built
2023
Price
$2,572,000
Price Per SF
$1,146.68
Cap Rate
6.60%
NOI
$169,762
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.62 AC
Frontage
159’ on Morton Ave
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-20-303-013 | Improvements Assessment | $91,340 |
| Land Assessment | $98,500 | Total Assessment | $189,840 |
PROPERTY TAXES
Parcel Number
09-20-303-013
Land Assessment
$98,500
Improvements Assessment
$91,340
Total Assessment
$189,840
CONTACTS
-
Phil Sambazis -
Mark Ruble -
Christopher Lind -
Zack House -
Steven Weinstock -
Marcus & Millichap
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Starbucks | 1110 W Morton Ave
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