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Starbucks & Verizon Logo Image
3830-3834 E Main St
St Charles, IL 60174
  • Asking Price: $3,033,000
  • Cap Rate: 6.00%
  • Lease Type: Net Lease
  • Status: Under Contract
PROPERTY DETAILS:

Brand New NNN Leases – Newly constructed property featuring NNN leases. Common area maintenance is handled by the main development, providing minimal landlord responsibility. Strong Corporate Level Leases – Starbucks is the world’s leading coffee retailer with revenues in excess of $19 Billion and investment grade S&P credit of A-. Cellular Sales is the #1 largest Verizon retailer in the US with more than $1.48 Billion in revenue and over 675 locations. Strong Regional Market – The property is centrally located and surrounded by national retailers including Target, Walmart Supercenter, Ace Hardware, Petco, Jewel-Osco, Panera Bread, Portillo’s, Chipotle, Giordano’s, and Walgreens, among others. T.J. Maxx recently opened across the street while Ross Dress for Less and Ulta Beauty open this summer. Primary Signalized Intersection – The site features excellent visibility at the signalized intersection of Main Street & 38th Street with exposure to over 37,200 vehicles per day. Western Chicago Suburb – St. Charles is an established Chicago suburb known for it’s safety, outstanding schools, and proximity to the I-88 office corridor. There is a daytime population of 42,500 with an average household income of $128,600 within 3 miles of the property. Largest MSA in the Midwest – Downtown Chicago is approximately 30 miles east. The Chicago MSA is the third largest metropolitan area in the country with 9.9 million people.