Starbucks - Bolingbrook, IL_Property for Sale
Starbucks - Bolingbrook, IL_Property for Sale
115 West Boughton Road, Bolingbrook, IL, 60440, US

Starbucks - Bolingbrook, IL

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a 2,225 square foot freestanding, new construction single-tenant Starbucks located at 115 W Boughton Road in Bolingbrook, IL (“Property” or “Asset”).


The Asset is 100% leased to Starbucks Corporation (“Starbucks” or “Tenant”) with a brand new, rare 15.0-year primary lease term with various rent escalations and three, five-year renewal options. The Property opened in May 2024 as a build-to-suit for the tenant. The Property serves as a relief location for a nearby, overpopulated Starbucks.


Located 30 miles southwest of downtown Chicago, the Property sits at the busiest intersection in Bolingbrook on the signalized corner of W Boughton Road and Route 53, with high traffic counts of 66,000+ vehicles per day. The area is highly affluent with average household incomes of nearly $144,000 and more than 205,000 residents within a five-mile radius. 

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Attributes

WAULT
15 years
Asking price
$3,113,000
Cap rate
5.75%
NOI
$179,000
Year built
2024
Building area net
2,225 sf

Media

Investment highlights

  • 2024 build-to-suit relief location opened in May 2024
  • Rare 15-year Corporate Starbucks lease
  • Located at the busiest intersection in Bolingbrook with direct access to 66,000+ VPD
  • Incredible demand characteristics driven by a 5-mile AHHI of $144,000 and more than 205,000 residents
  • Starbucks (S&P: ‘BBB+’) is the world’s largest specialty coffee retailer (35,000+ locations)
  • In between two major retail hubs in Bolingbrook with Promenade Bolingbrook, Maple Park Place, and Two Rivers Plaza generating more than 7.6 million combined visitors annually 
Starbucks - Bolingbrook, IL 4_Property for Sale
Starbucks - Bolingbrook, IL 4_Property for Sale

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Starbucks - Bolingbrook, IL (0 Properties)

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Last updated
May 16, 2024