Freestanding Drive-Thru
1165 N Lake St Aurora, IL 60506
1165 N Lake St, Aurora, IL, 60506
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For Sale
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Newly constructed freestanding Starbucks with drive-thru on a high-traffic intersection in a dense retail corridor.
Days on Market103
Property Features for 1165 N Lake St
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
JLL Chicago | Americas Headquarters
(312) 782-5800
Listed by
Mohsin Mirza · License #IL 475.189943
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 9:23PM Checked: Jul 21 at 9:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
JLL presents a for-sale, freestanding, single-tenant Starbucks at 1165 N Lake St, Aurora, IL. Delivered in September 2022, the property is drive-thru equipped and arranged to serve Starbucks operations under a 15-year net lease. The lease includes 10% rental increases after five years, along with four additional five-year renewal options.
The asset is positioned on a highly-trafficked intersection with approximately ±42,000 vehicles per day, situated directly between Northgate and Aurora Commons shopping centers, which together attract over 250,000 visitors each month.
Starbucks Corporation (S&P: BBB+) serves as the credit tenant. Additional remarks highlight a Kane County tax discount within the Chicago MSA, noting taxes increased only 14% between 2018 and 2021 compared to 31% tax growth over the same period in Chicago.
The asset is positioned on a highly-trafficked intersection with approximately ±42,000 vehicles per day, situated directly between Northgate and Aurora Commons shopping centers, which together attract over 250,000 visitors each month.
Starbucks Corporation (S&P: BBB+) serves as the credit tenant. Additional remarks highlight a Kane County tax discount within the Chicago MSA, noting taxes increased only 14% between 2018 and 2021 compared to 31% tax growth over the same period in Chicago.
Key Highlights
- Newly constructed freestanding, single‑tenant Starbucks delivered September 2022
- Drive‑thru equipped property on a highly trafficked intersection (~42,000 VPD)
- 15‑year net lease with 10% rental increases after five years
Property Analytics
Location Intelligence
Current Use by Public Records
Starbucks
Cafe & Coffee Shop
Long John Silver's
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Indian Trail Court Shopping Center — 300 E Indian Trail Rd, Aurora, IL 60505
- Thorntons — 418 S Lincolnway St, North Aurora, IL 60542
- Starbucks — 1165 N Lake St, Aurora, IL 60506
FAQs
What type of property is this?
Coffee shop - Newly constructed freestanding Starbucks with drive-thru on a high-traffic intersection in a dense retail corridor.
Where is this coffee shop located?
The property is located at 1165 N Lake St Aurora, IL.
What are key features of this property?
This property features: Newly constructed freestanding, single‑tenant Starbucks delivered September 2022; Drive‑thru equipped property on a highly trafficked intersection (~42,000 VPD); 15‑year net lease with 10% rental increases after five years
