1723 Homer M Adams Pky | Alton, IL 62002
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- LoopNet Team
1723 Homer M Adams Pky
Alton, IL 62002
Starbucks | Alton, IL · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Single-Tenant Corporate Starbucks (NASDAQ: SBUX; S&P: BBB+) Drive-Thru: New 15-year lease | 7.5% increase in year 6 | Brand new 2023 construction
- Superb Retail Corridor; The Property is W/in Walking Distance from: Alton Square Mall | Four inns & hotels | Home Depot, Lowe's, Target, Kohl's, Petco
- One of the “World’s Most Admired Companies” by Fortune (2009-2023) | Largest coffeehouse chain globally w approximately 36,000± stores in 84 countries
- Adjacent to Top Performing Lowe’s in Illinois (Top 15% per Placer. ai) | Direct Access and Visibility from Homer M Adams Parkway (22,500 CPD)
- Part of the St. Louis MSA Which is One of the Top 20 Largest MSAs in the United States: 16 Fortune 1,000 companies are headquartered in St. Louis
- Starbucks recently opened and already ranks in the top 40% of all Starbucks in the state of Illinois (Placer.ai)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,220 SF
Building Class
C
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.10 AC
Parking
27 Spaces (12.16 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 23-2-07-01-11-201-027 | Improvements Assessment | $433,650 |
| Land Assessment | $60,680 | Total Assessment | $494,330 |
PROPERTY TAXES
Parcel Number
23-2-07-01-11-201-027
Land Assessment
$60,680
Improvements Assessment
$433,650
Total Assessment
$494,330
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