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STARBUCKS W/ DRIVE-THRU | INFILL CHICAGO 4751 S Central Ave

2,231 SF 4-Star Retail Building Chicago, IL 60638 £3,061,282 (£1,372/SF) 5.65% Net Initial Yield

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Investment 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.
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.
Strong Daytime Employment Area - Across FedEx Freight Distribution Center & Surrounded by Numerous Established Distribution Centers, Industrial etc

Positioned Along Area’s Traffic and Industrial Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 31k Vehicles.
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.
The Site Benefits from its Close Proximity to Downtown Chicago - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants.

Executive Summary

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

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

2,231 SF

Building Class

LoopNet Rating

4 Star

Year Built

2024

Price

£3,061,282

Price Per SF

£1,372

Net Initial Yield

5.65%

NOI

£172,962

Tenancy

Single

Number of Floors

Building FAR

0.09

Land Acres

0.55 AC

MAJOR TENANTS

Starbucks
Retailer
2,231 SF
-
NNN
Jun 2039

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease Type		Lease End
Starbucks	Retailer	2,231 SF	-	NNN		Jun 2039

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