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Starbucks 2570 Charles St 2,550 SF Retail Building Rockford, IL 61108 $3,646,475 CAD ($1,429.99 CAD/SF) 6.35% Cap Rate
Investment Highlights
- Long-Term NNN Lease | 15-Year Term | 10% Increases Secured by a rare 15-year NNN lease with fixed 10% rental increases every 5 years
- Brand New Construction | High-Capacity Drive-Thru New 2026 construction ±2,480 SF building on 1.32 acres
- Rockford MSA Centrally located within the Rockford MSA, Illinois’ fourth-largest metro, with proximity to Chicago, Madison, and Milwaukee
- Passive, Hands-Off Investment Structure The investment benefits from a passive ownership structure
- Corporate Gurantee The lease is backed by Starbucks Corporation (NASDAQ: SBUX | S&P: BBB+)
- Outparcel To Dominant Medical Retail Center Situated at a signlazied intersection and outparcel to the robust Rockford Plaza
Executive Summary
Broker of Record
Name
Matthew M. Fitzgerald
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 478027547, 471021676 (IL)
Address
600 W Fulton, Ste 100 Chicago, IL 60661
Phone
(866) 889-0550
Name
Matthew M. Fitzgerald
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 478027547, 471021676 (IL)
Address
600 W Fulton, Ste 100 Chicago, IL 60661
Phone
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,550 SF
Building Class
C
Year Built
2025
Price
$3,646,475 CAD
Price Per SF
$1,429.99 CAD
Cap Rate
6.35%
NOI
$231,571 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
3.80 AC
Zoning
C2
Amenities
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- -
Starbucks began in 1971 as a coffee business in Seattle, where the company first sold coffee beans and related equipment before evolving into a broader coffeehouse brand. The business now focuses on responsibly sourced arabica coffee, company-operated and licensed coffeehouses, and a growing consumer-packaged goods presence. Starbucks has built a wide market presence around specialty coffee, with offerings that span brewed drinks, espresso-based beverages, food, and retail products distributed through its store network and packaged-goods channels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-30-153-016 | Improvements Assessment | $1,465,991 CAD |
| Land Assessment | $233,320 CAD | Total Assessment | $1,699,311 CAD |
Property Taxes
Parcel Number
12-30-153-016
Land Assessment
$233,320 CAD
Improvements Assessment
$1,465,991 CAD
Total Assessment
$1,699,311 CAD
Contacts
-
Patrick Forkin -
Michael Neils -
Lee Chandler -
Matthews Real Estate Investment Services
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Starbucks | 2570 Charles St
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