910 Kinzie AveBradley, IL 60915

For Sale
$3,167,000

High-yield Starbucks, 15-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a brand-new (2024) Starbucks located at 910 N Kinzie Ave, Bradley, IL 60915. The property boasts a 15-year absolute NNN lease with a credit-rated corporate guarantor, ensuring consistent passive income. The 2,225 square foot building sits on a substantial 1.56-acre lot, significantly larger than the average Starbucks location, offering ample parking and future development potential. The property features a high-capacity drive-thru designed to accommodate 15 vehicles, reflecting strong market demand. Situated on US-50 with excellent visibility and convenient access to I-57, this location benefits from high traffic volume (over 24,000 vehicles per day) and proximity to major retailers like Meijer and Lowe's. The property's strong location, long-term lease, and investment-grade tenant (Starbucks Corporation) combine to offer a compelling investment with a 6.00% cap rate and a Net Operating Income (NOI) of $190,000. The asking price is $3,167,000. This is a truly hands-off investment opportunity with zero landlord responsibilities for taxes, insurance, and maintenance. The lease includes rent bumps, further securing long-term returns. The property's strategic location within a thriving retail corridor, combined with the strength of the Starbucks brand and the long-term lease, makes this an attractive investment for discerning buyers.

Highlights

  • Brand new (2024) Starbucks with a 15-year absolute NNN lease.
  • Absolute NNN lease with zero landlord responsibilities; Starbucks covers all CAM, taxes, and insurance.
  • Located in a strong retail corridor anchored by Meijer and Lowe's, among other national retailers.
  • Features a high-capacity drive-thru designed for 15 vehicles, reflecting strong market demand.
  • Excellent visibility on US-50, with over 24,000 vehicles per day, and convenient access to I-57.
  • Sits on a 1.56-acre lot, significantly larger than the average Starbucks location.

Property Details for 910 Kinzie Ave

Property type
Other retail properties, Restaurants
Square Feet
2,225 SF
Year Built
2024
Lot Size (sq. ft)
67,954 SF

Location Insight

City
Bradley
County
Kankakee
State
Illinois
Latitude
41.15891614393
Longitude
-87.849729639217
910 Kinzie Ave, Bradley, Illinois

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910 Kinzie Ave
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