Starbucks Drive-Thru
Single-Tenant Offerings
Starbucks Drive-Thru
1110 W Morton Ave.
Jacksonville (West of Springfield), IL
- Price:
- $2,572,000
- Cap Rate:
- 6.60%
- NOI:
- $169,762
- Rentable SQFT:
- 2,243 SF
- Year Built:
- 2023
- Lot Size:
- 1.36 +/- 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
- Largest Coffeehouse Chain Globally with 41,000+ Stores in 88 Countries
- New Prototype Generates 50% More Revenue and Supports 70%+ of Sales Through Mobile, Drive-Thru, and Delivery
- Strategic Location, the Only Freestanding Starbucks in Morgan County
- Directly Across from Illinois College and Jacksonville Middle School
- Surrounded by Walmart Supercenter, Home Depot, HyVee, Aldi, Marshalls, Ollie’s Outlet, Dunham’s Sports, and Many More
- Average Household Income Exceeds $76,000 in 1-Mile and $73,000 in 3 Miles
- Highly Visible Along Major Commercial Corridor with 16,300 Cars/Day
- Easy Access to I-72 and Route 67, Connects to Chicago, Indianapolis, St. Louis, and Kansas City
- Close Proximity to Award-Winning Jacksonville Memorial Regional Hospital, Serving Residents of Morgan, Cass, Scott, Greene and Brown Counties
- Strong Daytime Population, More Than 11,322 Employees in Primary Trade Area
- Minutes to Future Champions Sports Complex and Jacksonville Speedway Attracting Thousands of Visitors Annually
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