Starbucks

1920 South Mount Zion Road, Decatur, IL 62521

$2,748,031

Cap Rate 6.35%

Views: 120 DOM: 222 Updated: 11.02.24 Posted: 04.13.24 Status: Active

Summary

Price $2,748,031	Built/Renov 2024	Tenant Starbucks
Cap Rate 6.35%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 2,225	Lease Start 06-01-2024	#Units 38,038
Price/SF $1,235.07	Expiration 05-31-2034	Tenant Type Fast Food/QSR
NOI $174,500	R. Term 9.6	Ownership Fee Simple
Rent/SF $78.43	Increases 7.5%/5/yrs	Pop 5Mi 45,977
Lot/AC 0.51	Options 4/5yrs/7.5%	AHHI 5Mi $72,595

Randy Blankstein

The Boulder Group (HQ)

Contact

Lease Highlights

Brand new 2024 construction
Brand new 10-year lease with 4 (5-year) options to extend
The lease features 7.5% rental increases throughout the initial term and option periods
Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located on Mt. Zion Road/IL 121, with access to 10,700 vehicles passing by daily. The property is positioned as an outparcel in a Rural King anchored shopping center, featuring three newly constructed well-known national tenants, including Starbucks, 7 Brew, and Take 5 Oil Change. Additionally, it is conveniently situated one mile south of Decatur Airport and within...

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Key Features

New construction
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Highway close
Brand new lease
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Decatur, Illinois Zip Code 62521 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Starbucks
Guarantor:Corp T and Rated
Company:Starbucks Corporation
# Units:38,038
Tenant S&P: BBB+
Moody’s: Baa1
Stock: NASDAQ: SBUX

About Tenant

Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	1,484	18,762	43,725
2023 Total Population :	1,527	19,307	44,744
2023 Employed Civilian Pop :	821	9,397	19,969
2023 Total Businesses :	156	516	1,887
2023 Average Household Income :	$ 106,596	$ 89,195	$ 73,264
2023 Total Consumer Spending :	$ 60 M	$ 671 M	$ 1243 M
2023 Median Age :	50	46	42
2023 Total Households :	664	8,694	19,473
2023 Pop Age 25+: Bachelor's Degree :	196	2,689	4,673
2023 Average Home Value :	$ 199,159	$ 176,709	$ 151,144

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
E Maryland St	S Mount Zion Rd	2015	2,550	0.08 mi
US Hwy 36	Ocean Trl	2017	7,500	0.10 mi
S Mount Zion Rd	Hwy 36	2017	13,500	0.14 mi
IL 121	Aldi Dr	2021	10,700	0.19 mi
Aldi Dr	S Mount Zion Rd	2017	5,600	0.20 mi
		2019	6,350	0.24 mi
Ocean Trl	S Twin Bridge Rd	2015	950	0.38 mi
E Maryland St	S Ment Dr	2015	5,300	0.41 mi
US Hwy 36	Airport Plz	2017	11,800	0.41 mi
S Twin Bridge Rd	Ocean Trl	2015	400	0.41 mi

Listing Broker

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