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STARBUCKS ANCHORED CENTER | PEDIATRIC THERAPY | 10-YEAR LEASES

$2,970,000 | 6.65%

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1532-1554 East Algonquin Road
Algonquin, Illinois 60102

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Features

  • Starbucks Anchored Center with Drive-Thru
    • Starbucks has Occupied their Space for Over 20 Years
    • Starbucks Recently Extended their Lease by 10 Years | Current Expiration is March 31, 2032
    • Modest Base Rent of Only $28.00 per Square Foot Ensuring a Healthy Occupancy Ratio
    • 10% Rent Increases Every Five Years Throughout the Base Term and Option Periods
  • Diverse Roster of Medical and Service Based Tenants
    • Tenants Include Amuzgo Mexican Cuisine, Tiger Koo’s Martial Arts, Great Clips, No. 1 Cleaners, Li’s Refresh Spa, and Little Steps Pediatric Therapy
    • Weight Average Lease Term (WALT) of 5.04 Years | Ensures Stability for Investors
  • Affluent Demographics Surrounding Property
    • Affluent Demographics Surrounding Property
  • Situated on a Heavily Traveled Road | Traffic Counts of 43,850 Vehicles per Day Along Algonquin Road

Contact

ADRIAN MENDOZA
First Vice President Investments
Tel: (630) 570-2163
Adrian.Mendoza@marcusmillichap.com
* Broker of Record: Steven Weinstock

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