105 E Highway 50 - Restaurant FOR SALE
O'Fallon, IL 62269 |
$2,666,700 USD
703-477-1315
105 E Highway 50
O'Fallon, IL 62269
HIGHLIGHTS
- Starbucks’ 10-year net lease commenced in September and features a 7.5% rent increase in year 6 (2029) and in each of the four 5-year renewal options.
- Located along East Highway 50 (14,400 VPD), feet from its signalized intersection with South Lincoln Avenue (7,600 VPD).
- Population of 40,144 and an average household income of $126,543 within a 3-mile radius.
- 3.7 MSF of retail, 1.3 MSF of office and 2,822 multifamily units within a 3-mile radius.
OVERVIEW
The CBRE Net Lease Property Group is pleased to offer for sale the 2,294-square-foot Starbucks Coffee situated on 1.30 acres in O’Fallon, IL — part of the larger St. Louis, MO MSA (MSA Population: 2.82M+). Recently constructed, Starbucks’ brand new, 10-year net lease commenced in September and features a 7.5% rent increase in year 6 (2029) and in each of the four 5-year options.
FOR SALE DETAILS
PRICE
$2,666,700 USD
PRICE/SF
$1,162 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks: O'Fallon, IL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
24
LAND DETAILS
CROSS STREETS
South Lincoln Ave
LAND ACRES
1.3 AC
LAND SF
56,628 SF
ZONING
-
APN/PARCEL ID
04-32.0-100-028
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703-477-1315
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703-477-1315
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