4323 Broadway St
Mount Vernon, IL 62864
Starbucks Coffee · Retail Property For Sale

CBRE is pleased to exclusively present for sale this brand new construction Starbucks property located on Broadway Street in Mount Vernon, IL. This is a new 10 year, double net lease, with minimal landlord responsibilities or expenses. There is a 10% rental increase in year 6 of the lease and in each four, five year option periods. The lease is corporately guaranteed by Starbucks Corporation, an investment grade credit tenant rated A- by Standard & Poor's. The new construction aspect of this property also offers no deferred maintenance for the astute investor. The site is Starbucks newest prototype offering plenty of parking and a drive-thru. Starbucks has excellent access and visibility with frontage on Broadway Street with over 24,000 vehicles traveling by daily. The site is ideally situated at the on/off ramps of Interstate 57, with over 37,000 vehicles traveling by daily and just south of I-64. The city of Mt Vernon will be a one store market for Starbucks, thus preventing any reservation of future cannibalization of sales. Starbucks is surrounded by numerous gas stations, hotels, motels and retailers making it a go to place for commuters and hotel/motel guests. Broadway Street is also the main retail corridor and throughway in Mount Vernon, with surrounding national tenants including Kroger, Hobby Lobby, Peebles, JCPenney, Ross, ALDI, CVS and Walgreens. Surrounding hotels/motels include Drury Hotel, Comfort Suites, Motel 6, Super 8 and Americas Best Value Inn. Mt Vernon is a community well positioned between St Louis to the west, Effingham to the north, Marion to the south and Evansville to the east. It is a community that will draw patrons from over 50 miles in all directions.