- For Sale $1,800,000
- Property Type Retail - Freestanding
- Property Size 2,200 SF
- Lot Size 0.87 Acre
- Parking Spaces Avail. 32
- Property Tenancy Single Tenant
- Year Built 2005
- Date Updated Mar 30, 2024
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Highlights
- National top-rated corporate tenant - Starbucks Coffee
- High NOI at 6.39% cap rate starting 03/01/2025
- Solid investment with long-term NN+ lease and renewal options without early termination clause
- Starbucks pays real estate taxes, trash, CAM and insurance
- Popular and profitable location outperforming other Starbucks shops in the area
- Long established, and high traffic location which was not closed nor terms renegotiated during the pandemic
- Reliable, responsible vendors for landscaping and snow removal
- Located along strong retail corridor, surrounded by national retailers, shops, restaurants and numerous hotels
- Great visibility and high traffic counts with easy access to I-72
- Central location with strong demographics: a reach of over 536,000 people within a 40-mile radius
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Contacts
Location
Getting Around
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Walk Score ®
55/100 Somewhat Walkable -
Transit Score ®
28/100 Some Transit -
Bike Score ®
43/100 Somewhat Bikeable
- City Springfield, IL
- Neighborhood Westside Springfield
- Zip Code 62711
Points of Interest
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Springfield
4.58 miles
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Huck's Food & Fuel
0.13 miles
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Thorntons
0.83 miles
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Sam's Club
1.36 miles
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Shell
1.39 miles
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Qik N EZ
1.46 miles
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Tesla Supercharger
1.94 miles
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Casey's General Store
2.46 miles
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Circle K
2.56 miles
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Hyvee Gas Station
2.56 miles
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Mobil
2.84 miles
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Wabash Trail Parking
1.92 miles
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Interurban Trail Parking
2.20 miles
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Interurban Trail Parking
2.63 miles
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Rose Garden Parking Area
2.77 miles
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Sangamon Valley Trail Parking
2.86 miles
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Lot D
3.99 miles
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Lot C
4.04 miles
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Lot B
4.05 miles
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Lot A
4.16 miles
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Lot M
4.17 miles
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McDonald's
0.03 miles
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Portillo's
0.05 miles
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Subway
0.07 miles
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Pies the Limit
0.11 miles
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Wendy's
0.12 miles
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Indigo
0.21 miles
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Los Rancheros
0.23 miles
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Kiku Japanese Steak & Seafood House
0.27 miles
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Mariah's
0.40 miles
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Head West
0.42 miles
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ALDI
0.16 miles
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Walmart Supercenter
0.17 miles
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Target
0.22 miles
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Ross
0.69 miles
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Marshalls
0.78 miles
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Burlington
0.80 miles
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Gordon Food Service
0.86 miles
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Harvest Market
0.92 miles
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Meijer
0.99 miles
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Kohl's
0.99 miles
Frequently Asked Questions
What is the lease rate for Starbucks NN+ Investment Opportunity?
Rental asking rate at Starbucks NN+ Investment Opportunity is $900,000.00/YR.
What is the total square footage of Starbucks NN+ Investment Opportunity?
Starbucks NN+ Investment Opportunity totals 2,200 square feet.
When was this property built?
Starbucks NN+ Investment Opportunity was built in 2005.
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