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2925 North Barrington Rd Hoffman Estates, IL 60192

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For Sale
$2,407,000

New 2024 Starbucks ground lease in Hoffman Estates, Illinois.

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Listing Contact
Ryan Bennett
Ryan Bennett
Source: Lee-associates

Listing Agent: Ryan Bennett

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

New Starbucks Ground Lease Investment

This is a fee-simple, single-tenant Starbucks ground-leased investment property located at 2925 Barrington Road in Hoffman Estates, Illinois, part of the Chicago MSA. Constructed in 2024, the 2,200 square-foot building is situated on approximately 1.6 acres. The absolute NNN ground lease commenced March 29, 2024, and has over 13 years of remaining term, with six successive five-year renewal options and 10% rent increases in year 11 and every five years thereafter. The lease is corporately guaranteed by Starbucks Corporation (NASDAQ: SBUX; S&P: BBB+). Under the absolute NNN structure, Starbucks self-manages all CAM, taxes, insurance, and capital repairs. The site features a high-capacity drive-thru with EV charging and dedicated mobile order pickup, located a half mile north of the full I-90 interchange (174,000 VPD), 20 minutes from O’Hare International Airport and 35 minutes from downtown Chicago. The surrounding trade area has over 50,000 residents within three miles with an average household income of $169,000 (and $319,000 within one mile), supported by a 3 million-person daytime workforce within a 60-minute drive. The property sits outlot to the Microsoft Technology Park development.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Starbucks Cafe & Coffee Shop

Suggested Use

Restaurant Real Estate Agency Building Supply Spa & Massage Center Law Firm Dental Office Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Starbucks

Location Insight

  • Map
  • Local Demand
City
Hoffman Estates
County
Cook
State
Illinois
Longitude
-88.144586
Latitude
42.06553

FAQs

What type of property is this?
Coffee shop - New 2024 Starbucks ground lease in Hoffman Estates, Illinois.
Where is this coffee shop located?
The property is located at 2925 North Barrington Rd Hoffman Estates, IL.
What is the asking price?
The asking price for this property is $2,407,000.
What are key features of this property?
This property features: - Absolute NNN ground lease with zero landlord responsibilities, corporately guaranteed by Starbucks (S&P: BBB+).; - Brand new 2024 construction with 13+ years of remaining lease term and attractive rent escalations.; - Strategic location in an affluent Chicago suburb with high traffic (174,000 VPD) and strong demographics (average household income of $169,000 within 3 miles).
More about this property
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