Starbucks Drive-Thru
Single-Tenant Offerings
Starbucks Drive-Thru
1609 W Market Street
Bloomington, IL
- Price:
- $2,544,000
- Cap Rate:
- 6.60%
- NOI:
- $167,904
- Rentable SQFT:
- 2,265 SF
- Year Built:
- 2023
- Lot Size:
- 0.94 +/- Acres
- Lease Type:
- NN
- Status:
- Available
Investment Highlights
- New 10-Year Corporate Lease with No Early Termination Clause
- 7% Rental Increases Every 5 Years in the Base Term and Options
- Investment Grade Credit Tenant (Rated BBB+ by S&P), Ranked #125 on Fortune 500
- New High-Quality Construction with a Drive-Thru, Minimal Landlord Responsibilities
- Serving Over 112,000 Residents in Established Central Illinois Trade Area
- One of the Fastest Growing Metro Areas in Illinois with Residential, Commercial, and Industrial Growth
- Strategic Location, Only Freestanding Starbucks in West Bloomington, Nearest Store is 4+ Miles Away
- Minutes to $2+ Billion Rivian Manufacturing Plant with 8,000+ Employees, $1.5 Billion Expansion Under Construction
- Close Proximity to Illinois State University (22,000 Students) and Illinois Wesleyan University (1,600+ Students)
- 2 Miles to $400 Million Bloomington 77, a Mixed-Use Development with 800 Homes
- 3.5 Miles to State Farm’s 1.86 Million SF World Headquarters with 13,000+ Employees
- Dominant Retail Corridor with High-Performing Stores and Restaurants Nearby
- Highly Visible at Signalized Intersection with 20,000+ Cars/Day
- Just Off I-74/55 with 43,000+ Cars/Day, a Major North/South Artery with Direct Access to Downtown Chicago
- Strong Daytime Population, More Than 55,000 Employees in Primary Trade Area
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