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1808 S Arlington Heights Rd
Arlington Heights, IL 60005
Single Tenant Net Leased Starbucks · Retail Property For Sale
Property Facts
Amenities
- Banking
- Pylon Sign
- Signage
- Drive Thru
About 1808 S ARLINGTON HEIGHTS RD , ARLINGTON HEIGHTS, IL 60005
Pegasus Investments is pleased to offer an exceptional opportunity to acquire a drive-thru Starbucks (the “Property”), positioned as an outparcel to a Jewel-Osco anchored shopping center in the affluent Chicago suburb of Arlington Heights, Illinois. The Property is comprised of a freestanding 2,647 SF drive-thru building situated on 0.47 acres, and is 100% leased on a triple net basis (see landlord obligations) to Starbucks Corporation with 10% rent increases every five (5) years. The Property is strategically situated on the desirable morning commute side of Arlington Heights Road with prime visibility and access to the intersection of Golf Road. Commensurate with signing the Starbucks lease in 2014, the Property underwent an extensive renovation to convert it from its previous use as a bank branch, providing Starbucks with a rare opportunity to occupy a large outparcel to a grocery anchored center in a key Chicago suburb.
Property Taxes
| Parcel Number | 08-09-400-061-0000 | Improvements Assessment | $188,807 |
| Land Assessment | $83,943 | Total Assessment | $272,750 |
Property Taxes
