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Drive-Through NNN Property
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3300 W Grand Avenue, Waukegan, IL 60085

Corporate-guaranteed Starbucks property with a drive-through and long-term lease options near established retail anchors.

Property SizeContact for details
Days on Market143

Property Features for 3300 W Grand Avenue

General Information

Standard status Active
Property subtype Retail
Occupancy 100%

Site & Location

Corner Location Yes
Drive-Thru Yes
Anchor Co-Tenants Jewel-Osco, Zip Fitness
Traffic Count 61,500 vehicles/day
Highway Access Yes
Road Access Yes

Building Details

Buildings 1
Tenancy Single
Listing Agency: SRS Real Estate Partners Newport Beach
Listed By: Patrick R. Luther, CCIM · License #CA License No. 01912215
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 8:22PM

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 SRS Real Estate Partners Newport Beach

Investment Insights

Based on property information with market context.

This fee-simple investment includes the land and building leased to Starbucks Corporation. The property features a drive-through and an NN lease with approximately 6 years remaining, along with 4 (5-year) extension options. Starbucks Corporation provides the lease guarantee, carrying an S&P rating of BBB+. Landlord obligations are limited to the roof, structure, and parking lot.

The property occupies an outparcel within a center anchored by Jewel-Osco and Zip Fitness at 3300 W. Grand Avenue in Waukegan. It is near the signalized intersection of Grand Avenue and N. Green Bay Road, where combined traffic is reported at 61,500 vehicles daily. U.S. Highway 41 is nearby with 36,800 VPD and convenient on/off ramp access. Additional surrounding tenants include Dollar Tree, DaVita, Advance Auto Parts, and Walgreens. Six Flags Great America is 3.5 miles away and attracts 2,950,000 annual visitors.

Key Highlights

  • Starbucks Corporation lease with approximately 6 years remaining and 4 (5‑year) extension options
  • Corporate lease guarantee with an S&P rating of BBB+
  • Drive‑through property on an outparcel in a Jewel‑Osco and Zip Fitness anchored center

Property Analytics

Current Use

Starbucks Cafe & Coffee Shop

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Big Box & Wholesale Store Parking Lot & Garage Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

61,500 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

759
Businesses Nearby
205k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 38% Dining 33% Groceries 25% Home Improvements & Furnishings 4%
Jewel-Osco Groceries
51,087 visits/mo 0.3 miles
McDonald's Dining
34,133 visits/mo 0.1 miles
Thorntons Shops & Services
20,694 visits/mo 0.2 miles
Dollar Tree Shops & Services
17,513 visits/mo 0.1 miles
Starbucks Dining
17,344 visits/mo 0.0 miles

Demographics for 60085, IL

71,609
Population
26,781
Households
2.7
Avg Household Size
33
Median Age
19%
College-Educated
74%
High-School Grad
14.8 sq mi
ZIP Area
4,838
Density / Sq Mi
$64,330
Median Household Income
$35,645
Median Earnings
$1,133
Median Rent
$164,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Corporate-guaranteed Starbucks property with a drive-through and long-term lease options near established retail anchors.
Where is this nnn property located?
The property is located at 3300 W Grand Avenue Waukegan, IL.
What are key features of this property?
This property features: Starbucks Corporation lease with approximately 6 years remaining and 4 (5‑year) extension options; Corporate lease guarantee with an S&P rating of BBB+; Drive‑through property on an outparcel in a Jewel‑Osco and Zip Fitness anchored center
(480) 221-4221 Call to check price and availability
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