Starbucks - Naperville, IL

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a 2,231 square foot freestanding, newly built single-tenant Starbucks located at 1532 Aurora Ave in Naperville, IL (“Property” or “Asset”) – an affluent suburb west of downtown Chicago.

The Asset is 100% leased to Starbucks Corporation (“Starbucks” or “Tenant”) with a brand new 10-year primary lease term, 10% rent increases every 5-years, and four, five-year renewal options. The Property was delivered and opened in November 2023 as a build-to-suit for the Tenant in a strategically located, heavily-trafficked location.

Located ~25 miles west of downtown Chicago, the Property sits with frontage at the intersection of Aurora Avenue and Ogden Avenue (combined 51,300+ vehicles per day) in the affluent city of Naperville. The city was most recently ranked #4 of Niche’s 2023 list of Best Cities to Live in America. Naperville is a very well educated and affluent population with an average household income of $165,000 within 5-mile radius of the Property.

More specifically, the Property is well located in the dense Western East/West Corridor submarket comprised of many blue-chip retailers as well as corporate headquarters that call Naperville home. The city benefits from a business-friendly environment with low taxes due to its location in DuPage / Will counties while still being proximate to downtown Chicago.

Investors have the ability to acquire a premier retail asset located in a fundamentally strong and highly affluent Western Chicago submarket. The asset offers secure, long-term and growing cash flow backed by an investment grade tenant with global brand name recognition. The site was purpose-built for Starbucks and is one of its newest format drive-thru locations.