480 Houbolt Rd - Retail FOR SALE


Joliet, IL 60431
$2,999,999 USD
630-570-2238
480 Houbolt Rd, Joliet, IL for Sale
$2,999,999 USD
Retail - FOR SALE
1/8
null | 6.05% Cap Rate

480 Houbolt Rd
Joliet, IL 60431


HIGHLIGHTS

  • New Construction Starbucks with a Rare 15-Year Ground Lease
  • Next to Joliet Regional Airport | Situated Near Interstate-55 & Interstate-80
  • Frontage Along Houbolt Road, which sees 14,400 VPD
  • 52,328 People Live and 60,253 People Work within a Three-Mile Radius
  • Average Household Income of $126,519 Within a One-Mile Radius

OVERVIEW

Built in 2025, this new Starbucks is secured by a rare 15-year ground lease with six, five-year renewal options, scheduled rental increases and a corporate guarantee. The property includes drive-thru access, which enhances convenience and long-term tenant appeal. Strategically positioned along Houbolt Road, the site benefits from visibility to 14,400 vehicles per day and excellent regional access, located just 1.3 miles from Interstate-80 (38,700 VPD) and 1.9 miles from Interstate-55 (74,500 VPD). It is located near Joliet’s major retail hub anchored by Walmart Supercenter, Menard’s, ALDI, Chipotle, Panera Bread and more — drawing over 5.5 million annual visitors. The property is located in a densely populated, affluent area with over 52,000 residents, 60,000 employees, and an average household income of $126,519 within a one-mile radius, supporting strong and growing consumer demand.

FOR SALE DETAILS

PRICE

$2,999,999 USD

PRICE/SF

$42 USD /SF

CAP RATE

6.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks - Joliet

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

-

APN/PARCEL ID

05-06-14-403-135-0000

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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