581 14th st - Retail FOR SALE


Chicago Heights, IL 60411
$1,934,038 USD
630-570-2238
581 14th st, Chicago Heights, IL for Sale
$1,934,038 USD
Retail - FOR SALE
1/9
null | 6.5% Cap Rate

581 14th st
Chicago Heights, IL 60411


HIGHLIGHTS

  • New 2024 construction Starbucks with a corporate guarantee
  • Lease features 9-years of term remaining with 4, 5-year renewal options and scheduled rental increases
  • Outlot to Extra Space Storage (20.7K annual visitors) & shadow anchored by Food 4 Less (699.5K annual visitors)
  • Morning-side of traffic | Located on Lincoln Hwy which sees 31,400 vehicles per day
  • Strong surrounding drivers including national retailers and several schools
  • Average household income of $103,013 within a five-mile radius

OVERVIEW

This newly constructed Starbucks, built in 2024, is secured by a corporate guarantee and features nine years of term remaining with 4, 5-year renewal options and scheduled rent increases. The property includes a drive-thru and 65 parking spaces on a 0.94-acre lot, enhancing both current and future tenant value. It is shadow anchored by Lincoln Crossing Shopping Center, which attracts over 1.1 million annual visitors and positioned as an outlot to Extra Space Storage, which draws over 20,700 annual visitors. Strategically positioned on the morning side of traffic along Lincoln Highway / Route 30 (31,400 VPD), this location captures commuter flow heading west toward the Metra station and Interstate-57. The Metra station, just 1.6 miles west, serves over 4 million annual riders, while Interstate-57, 3.6 miles west, handles 79,300 vehicles daily. The dense, affluent trade area is home to nearly 80,000 residents and over 70,000 employees within three miles, with an average household income exceeding $103,000 within a five-mile radius.

FOR SALE DETAILS

PRICE

$1,934,038 USD

PRICE/SF

$869 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks - Chicago Heights

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,295 SF

ZONING

-

APN/PARCEL ID

32-19-101-042-0000

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.