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Off Market
1/6

1555 S Busse Rd
Elk Grove Village, IL 60007


HIGHLIGHTS


OVERVIEW

Cushman & Wakefield exclusively presents 1551 Busse Road, Elk Grove Village, Illinois (“The Property”) – a corporately guaranteed single-tenant net-leased asset fully occupied by Starbucks Inc. 1551 Busse Road is a new construction building located on a hard corner and featuring a drive-thru, directly adjacent to a new strip center anchored by Potbelly Sandwich Works. The 2,200-square-foot freestanding building benefits from a ten-year lease and enjoys a 10% escalation in contract rent during year five. Starbucks has four 5-year options to extend occupancy and each renewal option provides for a 10% increase in rental rate. The tenant benefits from limited competition within the submarket, as one of only two drive-thru coffee retailers. The Property sits within the largest contiguous industrial park in the United States and is adjacent to O’Hare International Airport, the world’s sixth busiest airport, each contributing to an impressive daytime population of more than 250,000 employees within five miles.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

2200

STORIES

1

YEAR BUILT

2018

SPRINKLERS

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PARKING SPACES

72

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

08-35-104-082-0000