main image

STARBUCKS | EARLY RENEWAL

$1,676,867 | 5.65%

logo

1427 Lee Street
Des Plaines, Illinois

Download OM

Under Contract

Features

  • Oaklee Plaza Outparcel | Internet Resistant Tenants
  • Situated Next to Aldi, Across from Jewel-Osco and Adjacent to Dollar Tree
  • Starbucks has Seven Years Remaining on Corporately Guaranteed Double-Net Lease
    – 10-Year Original Lease Renewed Early for an Additional 10 Years
    – Upcoming Five Percent Rent Increase
    – National Recognized Tenant – Starbucks | Standard and Poor’s “A-” Credit Rating
    – Corporately Guaranteed by Starbucks Corporation
  • Very Limited Landlord Responsibility
    – Larger Shopping Center Owner is Responsible for Contracting CAM Services
  • Drive-Thru | Adds Value and Flexibility to Existing or Future Tenancy
  • Ideally Located Along Lee Street and Mannheim Road, a Major North-South Retail Thoroughfare
    – 46,800 Vehicles Passing per Day
    – Highly Visible | 100 Feet of Frontage Along Lee Street
    – Ease of Access | Three Access Points Along Lee Street
  • Located in Dense, In-Fill Location
    – 170,847 People Work Within Three Miles of Subject Property
  • Highly Populated with 119,327 People and an Average Household Income of $96,076 Within Three Miles of Subject Property
  • Abundance of Local Retail Includes Discovery, Goodwill, Butera Market, McDonald’s, Taco Bell, Wendy’s, Dunkin’ and More

Contact

SEAN SHARKO
Senior Vice President Investments
Tel: (630) 570-2238
Sean.Sharko@marcusmillichap.com
* Broker of Record: Steven Weinstock

View All Listings