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Starbucks | Chipotle | T-Mobile Anchored Center

Starbucks | Chipotle | T-Mobile Anchored Center

1930 IL Route 83
Round Lake Beach, Illinois


price: $8,200,000

gla: 21,607 SF

cap: 6.52%

lot: 3.00 Acres

built: 2008

noi: $534,875

  • New 10 Year Starbucks Extension with No Early Termination Right
  • 14,000 Square Foot Shopping Center with a Free Standing Firestone Ground Lease
  • 90 Percent of the Tenants are Original to the Center Operating for 10 Plus Years and Taking Options
  • Chipotle and Firestone Have Low Rents for their Prime Position(s) in the Property
  • All Shopping Strip Tenants Operate Under Net Leases | Minimal Landlord Responsibilities
  • Ideal Mix of National and Regional Tenants
  • Located on a Signalized, Hard-Corner Intersection in the Heart of Round Lake Beach’s Retail Epicenter
  • Starbucks Drive-Thru | A Strong Property Amenity
  • Heavily Traveled | 56,250 Vehicles Passing per Day Along Rollins Road and Route 83
  • High Visibility | Over 640 Feet of Frontage on Route 83
  • Notable Major Retailers in the Area Include Meijer, Starbucks, Jewel-Osco, Hobby Lobby, Jo-Ann Fabrics Kohls, Regal Cinemas, Dollar Tree and More
  • Excellent Demographics | Population of 78,341 Within Three Miles of Subject Property
  • Anticipated Five Percent Population Increase by 2023
  • Affluent Area | Average Household Income Within Five Miles is $106,318
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Sean Sharko
Senior Vice President Investments

Tel: (630) 570-2238
Sean.Sharko@marcusmillichap.com
 
* Broker of Record: Steven Weinstock