Starbucks
Palatine, IL 60067
234 N Northwest Highway
Palatine, IL 60067
  • Asking Price: $2,170,000
  • Cap Rate: 5.07%
  • Lease Type: NN
  • Status: Available
PROPERTY DETAILS:

Brand New Construction - The freestanding build-to-suit property will feature the brand' s latest design and includes a drive-thru lane • Starbucks Evenings Concept - Starbucks can sell beer and wine at this location, capturing additional revenue during evening hours • Minimal Competition - This is the only Starbucks with drive-thru within 3 miles • Long Term Lease - Recently executed 10 year lease with 10% rent increases every five years • There is no early termination rightNational Retailer Presence - National Retailers include: Mariano' s Fresh Market, CVS, McDonald' s, Chase Bank, Burger King, Ace Hardware, and Taco Bell • Affluent Demographic Profile - More than 116,000 residents with an average household income of $95,500 within 3 miles