Thursday, June 11, 2020

JLL closes $2.18 milion sale on newly constructed Starbucks prototype building in Chicago Ridge, IL


 
New, single-tenant, net-leased, 2,400-square-foot retail building occupied by Starbucks in the Chicago suburb of Chicago Ridge, IL
               
CHICAGO, 11 – JLL Capital Markets announced it has closed the $2.18 million sale of a new, single-tenant, net-leased, 2,400-square-foot retail building occupied by Starbucks in the Chicago suburb of Chicago Ridge, Illinois.

JLL marketed the property on behalf of the seller, Glazier Corporation. An undisclosed investor purchased the asset.

The property is occupied by investment-grade tenant Starbucks Corporation (NASDAQ: SBUX), which is the world’s largest coffee house chain and has more than 30,000 locations in 70 countries.

Alex Sharrin
Completed in 2020, the building is a Starbucks prototype with a drive-thru and patio. 

The property is situated on 9.59 acres at 10259 S. Harlem Ave. in Chicago Ridge, which is about 15 miles southwest of downtown Chicago.

The building is at the highly trafficked intersection of South Harlem Avenue and 103rd Street, which makes it visible to more than 53,000 vehicles per day.

 The property is also within a trade area that welcomes 6.9 million visitors annually and a dense trade population of more than 800,000.

The JLL Net Lease Capital Markets team representing the seller was led by Managing Director Alex Sharrin.

“Net-leased assets with drive-thrus leased to strong credit remain attractive in the marketplace,” Sharrin said.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.


 CONTACT:

Kristen Murphy
Senior Manager
Public Relations
JLL Capital Markets
One Post Office Square, Suite 3500
Boston, MA 02109
T +1 617 848 1572
M +1 617 543 4873



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