$3,736,364 USD
858-373-3184
1001 N Randall Rd
Elgin, IL 60123
Northwest Elgin
HIGHLIGHTS
- Rare 15 Year NNN Ground Lease featuring 10% Rental Increases in Year 6 and Every Extension. Brand New 2025 High Quality Construction w/ Drive-Thru.
- Positioned Along Area’s Major Traffic and Retail Corridor: Features Easy Access & Excellent Visibility at Highly Trafficked Randall Road.
- Starbucks has a S&P Investment Grade Credit Rating of “BBB+” and is Ranked #116 on the Fortune 500 List with an Annual Revenue of more than $36.17B.
- Near Advocate Sherman Hospital - a Full-Service Medical Facility with 255 Beds, Offering Advanced Healthcare Services.
- Strong Daytime Employment Area - Surrounded by Numerous Established Distribution Centers, Industrial & Manufacturing Plants.
- Densely Populated and Affluent Area: Features an Average Household Income of $119k+ within a 1-Mile Radius and more than 159k People w/in 5 Miles.
OVERVIEW
Brand New 2025 Construction | High Traffic Counts | Near I-90 | Strong Daytime Employment Area | Densely Populated & Affluent Area: $119k+ Avg. HHI | Near two Major Medical Centers | Minutes from Numerous Schools including Elgin Community College
Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 | Steven.Weinstock@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$3,736,364 USD
PRICE/SF
$1,639 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
STARBUCKS w/ DR-THRU | RARE 15YR NNN GROUND
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.1 AC
LAND SF
47,916 SF
ZONING
PAB
APN/PARCEL ID
06-09-154-002
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858-373-3184
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858-373-3184
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