Starbucks, Hoffman Estates

HOFFMAN ESTATES, IL has become a noteworthy hub for major corporate operations and cutting-edge infrastructure. The village is home to the former Sears Holdings headquarters—a sprawling 2.3 million sq ft campus at 3333 Beverly Road—which continues to anchor the local business landscape despite Sears’ restructuring. It’s also the U.S. base for Mori Seiki (now DMG Mori), and hosts regional offices for global firms like Fanuc Robotics, Bystronic, NSK America, and Omron Automation. Meanwhile, Microsoft has invested heavily in a new Azure data center campus just off Lakewood Blvd: phase one includes a 250,000 sq ft facility (completed 2023), with a second 150,000 sq ft building and on-site power substation underway—part of a broader $500 million build-out on 53 acres. This mix of corporate headquarters, advanced manufacturing, and significant tech infrastructure reinforces Hoffman Estates’ status as a strategic node in Chicago’s economic and innovation ecosystem.PROPERTY DESCRIPTION Lee & Associates, in conjunction with Bang Realty - Illinois, Inc., is pleased to present a fee-simple, single-tenant Starbucks ground-leased investment at 2925 Barrington Road in Hoffman Estates, Illinois (Chicago MSA). Constructed in 2024, the 2,200 square-foot building sits on approximately 1.6 acres and is offered at $3,286,000, reflecting a 5.25% cap rate. The absolute NNN ground lease commenced March 29, 2024, and provides 13+ years of remaining term, with six successive five-year renewal options and 10% rent increases in year 11 and every five years thereafter. The lease is corporately guaranteed by Starbucks Corporation (NASDAQ: SBUX; S&P: BBB+), the world’s premier coffeehouse operator with over 40,000 stores across 80 markets, 381,000 employees, and $36.18 billion in 2024 revenue. Under the absolute NNN structure, Starbucks self-manages all CAM, taxes, insurance, and capital repairs, eliminating landlord responsibilities and delivering a truly hands-off ownership experience. Strategically positioned in an affluent northwest Chicago commuter suburb, the site features a high-capacity drive-thru with EV charging and dedicated mobile order pickup, located a half mile north of the full I-90 interchange (174,000 VPD), 20 minutes from O’Hare International Airport and 35 minutes from downtown Chicago. The surrounding trade area boasts over 50,000 residents within three miles with an average household income of $169,000 (and $319,000 within one mile), supported by a 3 million-person daytime workforce within a 60-minute drive. The property sits outlot to the Microsoft Technology Park development (400+ employees), ensuring robust demand and long-term stability .