4751 S Central Ave - Freestanding FOR SALE


Chicago, IL 60638
$3,902,655 USD
858-373-3184
4751 S Central Ave, Chicago, IL for Sale
$3,902,655 USD
Freestanding - FOR SALE
1/10
null | 5.65% Cap Rate

4751 S Central Ave
Chicago, IL 60638


HIGHLIGHTS

  • 15 Year Starbucks Featuring a 15% Rental Increase in 2034 and 10% at Options 2 - 4. Brand New 2024 High Quality Construction w/ Drive-Thru.
  • Positioned Along Area’s Traffic and Industrial Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 31k Vehicles.
  • Starbucks has a S&P Investment Grade Credit Rating of “BBB+” and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $35.97 B.
  • Extremely Dense and Affluent Area with over 647k People Residing in a 5-Mile Radius & an Average Household Income of $80k+ w/in a 1-Mile Radius.
  • Strong Daytime Employment Area - Across FedEx Freight Distribution Center & Surrounded by Numerous Established Distribution Centers, Industrial etc
  • The Site Benefits from its Close Proximity to Downtown Chicago - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants.

OVERVIEW

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 15 Year Lease | Rare Special Use Permit with Dr-Thru in City of Chicago | Brand New 2024 High Quality Construction | Extremely Dense & Affluent Area: 647k+ People w/in 5-Mile Radius | High Traffic Counts | Strong Daytime Employment Area - Across FedEx Freight Distribution Center | Immediate Access to/from I-55 | Minutes from Midway International Airport - One of the Busiest Airports in the Nation

FOR SALE DETAILS

PRICE

$3,902,655 USD

PRICE/SF

$1,749 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STARBUCKS W/ DRIVE-THRU | INFILL CHICAGO

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alvin MansourThe Mansour Group of Marcus & MillichapMore Info
858-373-3184

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Alvin MansourThe Mansour Group of Marcus & MillichapMore Info
858-373-3184

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.