Starbucks - Mount Prospect
Mt Prospect, IL 60056
195 W Rand
Mt Prospect, IL 60056
  • Asking Price: $1,880,000
  • Cap Rate: 4.76%
  • Lease Type: NN
  • Status: Under Contract
PROPERTY DETAILS:

New Relocation Store – Starbucks is relocating from a highly successful inline store nearby that has over 10 years of operating history • Long Term Lease – Recently executed 10 year lease with 10% rent increases every five years. There is no early termination right • Brand New Construction – The freestanding build-to-suit property will feature the brand’s latest design and includes a drive-thru lane • Robust Daytime Traffic – Busy 6-way intersection provides exposure to over 58,300 vehicles per day • Minimal Competition – This is the only drive-thru Starbucks within 5 miles of the site • Major Regional Draw – Across from the 1 million sf Randhurst Village lifestyle center featuring Costco, Home Depot, AMC Theaters, World Market, Carson Pirie Scott, PetSmart, Bed Bath & Beyond, and T.J. Maxx, among others • Affluent Demographic Profile – 124,000 residents with an average household income of $94,000 within 3 miles • Investment Grade Credit – Starbucks is rated A- by S&P