5982 Columbia Pkwy - Fast Food FOR SALE


Rockford, IL 61108- East Rockford
$2,999,000 USD
630-570-2260
5982 Columbia Pkwy, Rockford, IL for Sale
$2,999,000 USD
Fast Food - FOR SALE
1/13
null | 6.05% Cap Rate

5982 Columbia Pkwy
Rockford, IL 61108
East Rockford


HIGHLIGHTS

  • New construction Starbucks with a rare 15-year ground lease
  • Corporately guaranteed by Starbucks Corporation
  • Situated near the interchange of Interstates 90 and 39, in a high-traffic area
  • Located near a retail hub with an abundance of national retailers
  • 51,064 people live and 60,481 people work within a three-mile radius of the subject property
  • Average household income of $96,868 within a mile radius of the subject property

OVERVIEW

This new construction Starbucks, which opened in May 2025, features a rare 15-year ground lease with 6, 5-year renewal options. The lease is corporately guaranteed by Starbucks Corporation, ensuring secure tenancy, and the tenant is responsible for maintaining the roof, structure, parking lot, HVAC, and CAM, minimizing landlord responsibilities. The property includes drive-thru access, enhancing convenience and long-term tenant appeal. It shares Columbia Parkway access with a newer developed Casey’s, which ranks in the top 12% of locations nationwide by visits. Strategically positioned near the interchange of Interstates 90 and 39, which together see over 100,000 vehicles per day, the site benefits from excellent regional access. Located just 1.7 miles from CherryVale Mall—the largest shopping mall in northern Illinois outside suburban Chicago—and surrounded by major national retailers, the property enjoys strong retail synergy. The surrounding area is densely populated, with over 50,000 residents and 60,000 employees within a three-mile radius and an average household income nearing $97,000 within one mile - supporting sustained consumer demand.

FOR SALE DETAILS

PRICE

$2,999,000 USD

PRICE/SF

$406 USD /SF

CAP RATE

6.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | Rare 15-Year Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

12-33-476-006

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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