Starbucks - Aurora, IL

1165 N Lake St 1165 North Lake St, Aurora, IL, 60506-2405, US

Starbucks - Aurora, IL_Property for Sale


Starbucks - Aurora, IL 2_Property for Sale

Asset description

JLL is pleased to offer for sale a freestanding, single-tenant Starbucks (the “Property” or “Asset”) located in Aurora, IL. The newly-constructed Property was delivered in September of 2022 and features a 15-year net lease with a 10% rental increases after five years as well as four, five-year renewal options.

The drive-thru-equipped Property is positioned on a highly-trafficked intersection (± 42,000 VPD) in a dense retail corridor, directly in between the Northgate and Aurora Commons shopping centers that attract over 250,000 visitors every month. Additionally, Kane County offers a rare tax discount within the Chicago MSA, where taxes grew only 14% between 2018 – 2021, compared to Chicago’s 31% tax growth in the same time period.

The Property offers a rare opportunity to acquire a long-term secure cash flow backed by Starbucks Corporation (“S&P: BBB+”), the largest specialty coffee retailer in the world with over 34,000 locations throughout 75 countries.


Asking Price
Building area Net
207 sm
Year built

Investment highlights

  • September 2022 Construction with Drive-Thru Lane and Outdoor Seating
  • Rare 15 Years of Primary Lease Term with 4, 5-Year Extension Options and Minimal LL Responsibilities
  • Starbucks (S&P : 'BBB+') is the World's Largest Specialty Coffee Retailer (35,711 locations)
  • Located in between Two Top Performing Shopping Centers (Aurora Commons & Northgate)
  • Aurora Out-Performed the Nation in 2021 GDP Growth (6% growth - 150 bps over the National Avg)
  • Kane County Taxes increased 14% from 2018 - 2021, compared to Chicago's 31%
Starbucks - Aurora, IL 4_Property for Sale
Starbucks - Aurora, IL 4_Property for Sale

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Last updated
Mar 15, 2023