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630 Northwest Highway - Cary Square - Starbucks, Cary, IL
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630 Northwest Highway - Cary Square - Starbucks
Cary, IL 60013-2073 - Far Northwest Submarket
For Sale Price:
The Boulder Group is pleased to exclusively market for sale a single tenant Starbucks property strategically located in the Chicago
MSA. The new construction Starbucks is positioned as an outparcel to a Jewel-Osco grocery anchored center along the trade
area’s primary thoroughfare. The new Starbucks lease is for ten years and rent is estimated to commence in October 2016. The
Starbucks lease features four 5-year renewal option periods with 10% rental escalations in each.
The Starbucks property is strategically located along Northwest Highway which is the primary thoroughfare in the trade area.
Northwest Highway experiences traffic counts in excess of 28,000 vehicles per day. The Starbucks is strategically positioned as
an outparcel to a Jewel-Osco grocery anchored center. The Jewel Osco center features a Dunkin Donuts that does not have
a drive thru and is significantly out-positioned by the subject freestanding drive thru Starbucks. Additional retailers located in
the immediate trade area include Walgreens, ALDI, US Bank, Chase Bank, Fifth Third Bank, AutoZone, O’Reilly Auto Parts,
McDonald’s and Taco Bell. The property is located one mile north of the Cary Metra rail station which connects the suburb of
Cary to downtown Chicago. Metra is the commuter rail division that serves the Chicago metropolitan area with over 80 million
passengers per year.
The surrounding area is affluent with average annual household incomes within a three mile radius that are in excess of $112,000.
There are over 110,000 people living within a five mile radius of the property earning average annual household incomes in
excess of $104,000. Cary is located approximately forty-five miles northwest of downtown Chicago.
Starbucks is a publicly traded company on the NASDAQ (SBUX) with a market capitalization in excess of $81 billion. Starbucks
is an investment grade rated company with a Standard & Poor’s rating of A-. Starbucks operates as a roaster, marketer, and
retailer of specialty coffee worldwide. As of March 27, 2016, it operated 23,921 stores. Starbucks Corporation was founded in
1985 and is based in Seattle, Washington.
• Located within the Chicago MSA
• Investment grade rated tenant (S&P:A-)
• Long term brand new ten year lease
• New construction
• Outparcel to a Jewel-Osco grocery anchored center
• Positioned along Northwest Highway (28,000 VPD)
• Affluent area with average annual household incomes within a three mile radius in excess of $112,000
• Over 110,000 people living within a five mile radius of the property
• One mile north of the Cary Metra rail station which connects Cary to downtown Chicago
• 10% rental escalations in each renewal option period
• Starbucks will greatly out position the inline Dunkin Donuts
• Only Starbucks in Cary, IL
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
The Boulder Group
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