1110 W Morton Ave - Restaurant FOR SALE
Jacksonville, IL 62650 |
$2,572,000 USD
858-373-3174
1110 W Morton Ave
Jacksonville, IL 62650
HIGHLIGHTS
- New 10-Year Corporate Lease with No Early Termination Clause
- 7% Rental Increases Every 5 Years in the Base Term and Options
- Investment Grade Credit Tenant (Rated BBB+ by S&P), Ranked #125 on Fortune 500
- Largest Coffeehouse Chain Globally with 41,000+ Stores in 88 Countries
- New Prototype Generates 50% More Revenue and Supports 70%+ of Sales Through Mobile, Drive-Thru, and Delivery
- Strategic Location, the Only Freestanding Starbucks in Morgan County
FOR SALE DETAILS
PRICE
$2,572,000 USD
PRICE/SF
$1,286 USD /SF
CAP RATE
6.6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.62 AC
LAND SF
27,030 SF
ZONING
-
APN/PARCEL ID
09-20-303-013
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
858-373-3174
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
858-373-3174
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
