2925 Barrington rd - Freestanding FOR SALE


Hoffman Estates, IL 60192
$2,407,000 USD
760-448-2449
2925 Barrington rd, Hoffman Estates, IL for Sale
$2,407,000 USD
Freestanding - FOR SALE
1/15
null | 7.16% Cap Rate

2925 Barrington rd
Hoffman Estates, IL 60192


HIGHLIGHTS

  • 13 Years Remaining on Current Ground Lease with Starbucks Up to Date on 100% of All Rent and Expenses
  • Outlot to the Microsoft Technology Park Development (400+ Employees)
  • 2024 Construction with High-Capacity Drive-Thru, EV Charging Station, & Dedicated Mobile Order Pick-Up
  • Affluent NW Chicago Commuter Suburb – Large Employment Pool – 3M People within 60 Minute Drive
  • 1/2 Mile from I-90 (152,000 VPD) – 20 Minutes from O’Hare Intl. – 35 Minutes from Downtown Chicago

OVERVIEW

Lee & Associates, in conjunction with Bang Realty - Illinois, Inc., is pleased to present a fee-simple, single-tenant Starbucks ground-leased asset located at 2925 Barrington Road in Hoffman Estates, Illinois (Chicago MSA). Constructed in 2024, the 2,225 square-foot freestanding building sits on approximately 1.34 acres. Although the site is currently dark, Starbucks Corporation (NASDAQ: SBUX; S&P: BBB+) continues to pay 100% of base rent and all operating expenses, including taxes, insurance, and capital repairs.

FOR SALE DETAILS

PRICE

$2,407,000 USD

PRICE/SF

$1,082 USD /SF

CAP RATE

7.16%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

B-2

APN/PARCEL ID

01-36-102-001-0000

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.