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Starbucks Drive-Thru 1609 Market st 2,265 SF Retail Building Bloomington, IL 61701 $3,551,221 CAD ($1,567.87 CAD/SF) 6.60% Cap Rate
INVESTMENT HIGHLIGHTS
- New 10-Year Corporate Lease with No Early Termination Clause
- Investment Grade Credit Tenant (Rated BBB+ by S&P), Ranked #125 on Fortune 500
- Serving Over 112,000 Residents in Established Central Illinois Trade Area
- 7% Rental Increases Every 5 Years in the Base Term and Options
- New High-Quality Construction with a Drive-Thru, Minimal Landlord Responsibilities
- One of the Fastest Growing Metro Areas in Illinois with Residential, Commercial, and Industrial Growth
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
2,265 SF
Building Class
C
Year Built
2023
Price
$3,551,221 CAD
Price Per SF
$1,567.87 CAD
Cap Rate
6.60%
NOI
$234,381 CAD
Tenancy
Single
Building Height
1 Story
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21-05-151-010 | Improvements Assessment | $217,077 CAD |
| Land Assessment | $94,318 CAD | Total Assessment | $311,394 CAD |
PROPERTY TAXES
Parcel Number
21-05-151-010
Land Assessment
$94,318 CAD
Improvements Assessment
$217,077 CAD
Total Assessment
$311,394 CAD
CONTACTS
-
Phil Sambazis -
Mark Ruble -
Christopher Lind -
Zack House -
Steven Weinstock -
Marcus & Millichap
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Starbucks Drive-Thru | 1609 Market st
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