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1548-1550 N Larkin Avenue
Joliet, IL 60435
Starbucks Anchored Two-Tenant Center · Retail Property For Sale
Investment Highlights
- 100% occupied retail center
- Starbucks: 9 years remaining on lease with four (5-year) renewal options, corporately guaranteed
- High-traffic, dense trade area | Located on Larkin Avenue with 28,700 vehicles per day and near two interstates
- Anchored by the top-performing Starbucks by visits nationwide, and in Illinois | Best-performing coffee shop within a 13 mile radius (Placer.ai)
- Winnie Nails: Recently signed a 10-year lease with two (5-year) renewal options
- The property is situated at a signalized intersection at the entrance of North Ridge Plaza (3.1M annual visitors (Placer.ai))
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,326 SF
Building Class
B
Year Built
2023
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
0.88 AC
Parking
106 Spaces (24.5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,749,304 | |
| Land Assessment | $887,502 | Total Assessment | $3,636,806 |
Property Taxes
Parcel Numbers
Land Assessment
$887,502
Improvements Assessment
$2,749,304
Total Assessment
$3,636,806
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