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Starbucks - Chicago Heights 581 14th st 2,225 SF Retail Building Chicago Heights, IL 60411 $2,685,412 CAD ($1,206.93 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- New 2024 construction Starbucks with a corporate guarantee
- Outlot to Extra Space Storage (20.7K annual visitors) & shadow anchored by Food 4 Less (699.5K annual visitors)
- Strong surrounding drivers including national retailers and several schools
- Lease features 9-years of term remaining with 4, 5-year renewal options and scheduled rental increases
- Morning-side of traffic | Located on Lincoln Hwy which sees 31,400 vehicles per day
- Average household income of $103,013 within a five-mile radius
EXECUTIVE SUMMARY
This newly constructed Starbucks, built in 2024, is secured by a corporate guarantee and features nine years of term remaining with 4, 5-year renewal options and scheduled rent increases. The property includes a drive-thru and 65 parking spaces on a 0.94-acre lot, enhancing both current and future tenant value. It is shadow anchored by Lincoln Crossing Shopping Center, which attracts over 1.1 million annual visitors and positioned as an outlot to Extra Space Storage, which draws over 20,700 annual visitors. Strategically positioned on the morning side of traffic along Lincoln Highway / Route 30 (31,400 VPD), this location captures commuter flow heading west toward the Metra station and Interstate-57. The Metra station, just 1.6 miles west, serves over 4 million annual riders, while Interstate-57, 3.6 miles west, handles 79,300 vehicles daily. The dense, affluent trade area is home to nearly 80,000 residents and over 70,000 employees within three miles, with an average household income exceeding $103,000 within a five-mile radius.
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PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,225 SF
Building Class
B
Year Built
2024
Price
$2,685,412 CAD
Price Per SF
$1,206.93 CAD
Cap Rate
6.50%
NOI
$174,551 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.95 AC
Opportunity Zone
Yes
Parking
65 Spaces (29.21 Spaces per 1,000 SF Leased)
AMENITIES
- Drive Thru
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
CONTACTS
-
Sean Sharko -
Benjamin Shapiro -
Austin Weisenbeck -
Sharko | Weisenbeck | Mendoza Group
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Starbucks - Chicago Heights | 581 14th st
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