Starbucks - Crete, IL_Property for Sale
Starbucks - Crete, IL_Property for Sale
23210 Colbrecht Rd, Crete, IL, 60417, US

Starbucks - Crete, IL

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in the single-tenant Starbucks (the “Property” or “Asset”) located at 23210 Volbrech Rd., in Crete, IL. The newly constructed 2,225 SF retail asset is 100% leased by Starbucks Corporation (“Starbucks” the “Tenant”) and currently has 15-years of lease term remaining, subject to a 10% increase in year 5.

The Property benefits from close proximity to Chicago as well as its strategic location along Highway 394 (27,500 VPD). The newly constructed Asset is a component of the retail development master plan along highway 394 known as the “Crete Market Place”. The development plan is anchored by a Kohls department with additional retailers including the subject Starbucks, a Taco Bell, Culvers and more. The surrounding area has 91K residents within a 5-mile radius of the Asset. The Property also benefits from close proximity to additional notable national retailers in the area including Mcdonalds, Shell, Burger King, and Old National Bank.

Crete is a village in Will County, Illinois. Will County is a county in the northeastern part of the state of Illinois, 35 miles south of Chicago, IL. According to the 2020 census, it had a population of 696,355, making it Illinois's fourth-most populous county. 



Asking Price
CHF 2,074,000
Building area Net
207 m²
Year built
Cap Rate
CHF 115,000


Investment Highlights

  • Brand-new 2022 construction drive-thru Starbucks
  • Located along Highway 394 (27,500 VPD) with direct access to I-94 benefiting from close proximity to Downtown Chicago
  • Major component of the Kohls Anchored "Crete Market Place" master plan situated along Highway 394
  • 15-year lease term subject to 10% annual bumps every 5-years
  • NN lease structure with minimal landlord responsibilities
  • Investment grade tenancy (Starbucks S&P: BBB+)
Starbucks - Crete, IL 4_Property for Sale
Starbucks - Crete, IL 4_Property for Sale

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Starbucks - Crete, IL (0 Properties)

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Last updated
15 Mar 2023