60 E Belvidere Rd - Fast Food FOR SALE


Hainesville, IL 60030
$2,743,000 USD
630-570-2238
60 E Belvidere Rd, Hainesville, IL for Sale
$2,743,000 USD
Fast Food - FOR SALE
1/10
null | 7% Cap Rate

60 E Belvidere Rd
Hainesville, IL 60030


HIGHLIGHTS

  • Starbucks-anchored, fully occupied center with stable tenant roster
  • Starbucks has operated at the property for over 20 years | 4.58 years of term remaining
  • 11.05-year weighted average tenant tenure | Lakemoore Dental has operated for nearly 13 years | Old Chicago Red Hots has operated for nearly 7 years
  • Durable lease term with built-in rental growth | 5.25-year weighted average lease term provides investors with near-term income stability
  • Supplemental income through parking agreement
  • Positioned along W Belvidere Road, a key western suburb thoroughfare with 22,800 vehicles per day

OVERVIEW

The Offering provides investors the opportunity to acquire a fully occupied, Starbucks-anchored multi-tenant retail center with a stable tenant roster, meaningful operating history and built-in rental growth. Starbucks has operated at the property for over 20 years, while the rent roll benefits from an 11.05-year weighted average tenant tenure and a 5.25-year weighted average lease term, providing durable near-term income stability. The Property is positioned along W Belvidere Road with strong nearby traffic drivers and access to a surrounding five-mile trade area of 134,979 residents with average household income of $131,581. Additional income through the parking agreement further enhances the investment profile, while the center’s location near Walgreens, Russo Power Equipment and Prairie View School supports consistent daily activity in the immediate trade area.

FOR SALE DETAILS

PRICE

$2,743,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks Anchored Center - Hainesville, IL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

B-1

APN/PARCEL ID

06-28-402-017,06-28-402-022,06-28-402-023

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.