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Starbucks: O'Fallon, IL 105 E Highway 50

2,294 SF Retail Building O'Fallon, IL 62269 £2,104,026 (£917/SF) 6% Net Initial Yield

Investment 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.
  • Population of 40,144 and an average household income of $126,543 within a 3-mile radius.
  • Located along East Highway 50 (14,400 VPD), feet from its signalized intersection with South Lincoln Avenue (7,600 VPD).
  • 3.7 MSF of retail, 1.3 MSF of office and 2,822 multifamily units within a 3-mile radius.

Executive Summary

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.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,294 SF
Year Built
2024
Price
£2,104,026
Price Per SF
£917
Net Initial Yield
6%
NOI
£126,240
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Land Acres
1.30 AC
Parking
24 Spaces (10.46 Spaces per 1,000 SF Leased)
1 of 1
Walk Score ®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
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, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Regions Bank
U.S. Bank
First Bank
Schnucks
F45 Training, Inc.
CrossFit
Denny's
Dierbergs
9Round
Orangetheory Fitness

PROPERTY TAXES

Parcel Number 04-32.0-100-028 Improvements Assessment £45,973
Land Assessment £123,669 Total Assessment £169,642

PROPERTY TAXES

Parcel Number
04-32.0-100-028
Land Assessment
£123,669
Improvements Assessment
£45,973
Total Assessment
£169,642
  • Thomas Carr
    Thomas Carr
  • Christopher Bosworth
    Christopher Bosworth
  • Brian Pfohl
    Brian Pfohl
  • Leah Lindell
    Leah Lindell
(404) 812-5101

  • Listing ID: 33910348

  • Date on Market: 18/11/2024

  • Last Updated:

  • Address: 105 E Highway 50, O'Fallon, IL 62269

The Retail Property at 105 E Highway 50, O'Fallon, IL 62269 is currently available For Sale. Contact CBRE for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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© 2024 CoStar Group

Starbucks: O'Fallon, IL | 105 E Highway 50
(404) 812-5101 x

Starbucks: O'Fallon, IL | 105 E Highway 50

1/4

Thomas Carr

(404) 812-5101

(404) 812-5101

Christopher Bosworth

(404) 923-1486

(404) 923-1486

Brian Pfohl

(404) 504-7900

(404) 504-7900

Leah Lindell

(404) 812-5136

(404) 812-5136

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