Starbucks Anchored Center | Chicago MSA — Sale in Hainesville, IL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Hainesville, IL 60030
- Year built: 2006
Photos
Investment Figures
- Cap rate
- 7.00%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
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. Investment 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 • Benefits from a strong five-mile trade area with 134,979 residents and average household income of $131,581
Market Context
This retail in Hainesville, IL is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2006. Compare it against other retail listings for sale in Hainesville, IL — view the full market.
Contact
- Austin Weisenbeck · (630) 570-2169 · austin.weisenbeck@marcusmillichap.com
- Sean Sharko · (630) 570-2238 · sean.sharko@marcusmillichap.com
- Dean Giannakopoulos · (312) 327-5423 · dean.giannakopoulos@marcusmillichap.com
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