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| 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.
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| 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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