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Starbucks 2925 Barrington rd 2,225 SF Retail Building Hoffman Estates, IL 60192 $2,407,000 ($1,081.80/SF) 7.16% Cap Rate
Investment Highlights
- 13 Years Remaining on Current Ground Lease with Starbucks Up to Date on 100% of All Rent and Expenses
- 2024 Construction with High-Capacity Drive-Thru, EV Charging Station, & Dedicated Mobile Order Pick-Up
- 1/2 Mile from I-90 (152,000 VPD) – 20 Minutes from O’Hare Intl. – 35 Minutes from Downtown Chicago
- Outlot to the Microsoft Technology Park Development (400+ Employees)
- Affluent NW Chicago Commuter Suburb – Large Employment Pool – 3M People within 60 Minute Drive
Executive Summary
Lee & Associates, in conjunction with Bang Realty - Illinois, Inc., is pleased to present a fee-simple, single-tenant Starbucks ground-leased asset located at 2925 Barrington Road in Hoffman Estates, Illinois (Chicago MSA). Constructed in 2024, the 2,225 square-foot freestanding building sits on approximately 1.34 acres.
Although the site is currently dark, Starbucks Corporation (NASDAQ: SBUX; S&P: BBB+) continues to pay 100% of base rent and all operating expenses, including taxes, insurance, and capital repairs.
Although the site is currently dark, Starbucks Corporation (NASDAQ: SBUX; S&P: BBB+) continues to pay 100% of base rent and all operating expenses, including taxes, insurance, and capital repairs.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,225 SF
Building Class
B
Year Built
2024
Price
$2,407,000
Price Per SF
$1,081.80
Cap Rate
7.16%
NOI
$172,341
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.34 AC
Zoning
B-2
Parking
50 Spaces (22.47 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signalized Intersection
- Drive Thru
- Monument Signage
Property Taxes
| Parcel Number | 01-36-102-001-0000 | Improvements Assessment | $155,205 |
| Land Assessment | $147,045 | Total Assessment | $302,250 |
Property Taxes
Parcel Number
01-36-102-001-0000
Land Assessment
$147,045
Improvements Assessment
$155,205
Total Assessment
$302,250
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Starbucks | 2925 Barrington rd
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