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Starbucks Anchored Center - Hainesville, IL 60 E Belvidere Rd 10,061 SF 100% Leased Retail Building Hainesville, IL 60030 $3,796,312 CAD ($377.33 CAD/SF) 7% Cap Rate
Investment Highlights
- Starbucks-anchored, fully occupied center with stable tenant roster
- 11.56-year weighted average tenant tenure | Lakemoore Dental has operated for nearly 13 years | Old Chicago Red Hots has operated for nearly 7 years
- Supplemental income through parking agreement
- Starbucks has operated at the property for over 20 years | 4.58 years of term remaining
- Durable lease term with built-in rental growth | 5.08-year weighted average lease term provides investors with near-term income stability
- Positioned along W Belvidere Road, a key western suburb thoroughfare with 22,800 vehicles per day
Executive Summary
The Offering provides investors the opportunity to acquire a fully occupied, Starbucks-anchored multi-tenant retail center with a stable tenant roster, meaningful operating history and built-in rental growth. Starbucks has operated at the property for over 20 years, while the rent roll benefits from an 11.56-year weighted average tenant tenure and a 5.08-year weighted average lease term, providing durable near-term income stability.
The Property is positioned along W Belvidere Road with strong nearby traffic drivers and access to a surrounding five-mile trade area of 134,979 residents with average household income of $131,581. Additional income through the parking agreement further enhances the investment profile, while the center’s location near Walgreens, Russo Power Equipment and Prairie View School supports consistent daily activity in the immediate trade area.
The Property is positioned along W Belvidere Road with strong nearby traffic drivers and access to a surrounding five-mile trade area of 134,979 residents with average household income of $131,581. Additional income through the parking agreement further enhances the investment profile, while the center’s location near Walgreens, Russo Power Equipment and Prairie View School supports consistent daily activity in the immediate trade area.
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Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
10,061 SF
Building Class
C
Year Built
2006
Price
$3,796,312 CAD
Price Per SF
$377.33 CAD
Cap Rate
7%
NOI
$265,739 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
2.10 AC
Zoning
B-1
Parking
50 Spaces (4.97 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $246,597 CAD | |
| Land Assessment | $265,872 CAD | Total Assessment | $512,469 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$265,872 CAD
Improvements Assessment
$246,597 CAD
Total Assessment
$512,469 CAD
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Starbucks Anchored Center - Hainesville, IL | 60 E Belvidere Rd
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