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Starbucks Drive-Thru 1609 Market st 2,265 SF Retail Building Bloomington, IL 61701 $2,544,000 ($1,123.18/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
- Serving Over 112,000 Residents in Established Central Illinois Trade Area
- 7% Rental Increases Every 5 Years in the Base Term and Options
- New High-Quality Construction with a Drive-Thru, Minimal Landlord Responsibilities
- One of the Fastest Growing Metro Areas in Illinois with Residential, Commercial, and Industrial Growth
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
2,265 SF
Building Class
C
Year Built
2023
Price
$2,544,000
Price Per SF
$1,123.18
Cap Rate
6.60%
NOI
$167,904
Tenancy
Single
Building Height
1 Story
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21-05-151-010 | Improvements Assessment | $154,869 |
| Land Assessment | $67,289 | Total Assessment | $222,158 |
PROPERTY TAXES
Parcel Number
21-05-151-010
Land Assessment
$67,289
Improvements Assessment
$154,869
Total Assessment
$222,158
CONTACTS
-
Phil Sambazis -
Mark Ruble -
Christopher Lind -
Zack House -
Steven Weinstock -
Marcus & Millichap
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Starbucks Drive-Thru | 1609 Market st
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