Starbucks NNN Pad
For Sale
Contact for pricing
Pending
9438 S Ashland Ave, Chicago, IL 60620
Newly constructed coffee shop leased to Starbucks Corporation under an NN structure with extension options.
Property SizeContact for details
Days on Market143
Property Features for 9438 S Ashland Ave
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
100%
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Jewel-Osco
Building Details
Year Built
2022
Tenancy
Single
Listing Agency:
Douglas Elliman Commercial Division
(631) 858-2405
Listed By:
Michael Murphy · License #NY 10491211076
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Sep 1 at 12:31AM
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 Douglas Elliman Commercial Division
Investment Insights
Based on property information with market context.
Completed in 2022, the property is a Starbucks coffee shop configured as a pad site serving the adjacent Jewel-Osco Grocery Store. Starbucks Corporation occupies the building under a 10-year lease with more than 7 years remaining and four 5-year extension options. The lease is structured as NN, and scheduled rent increases of 10% every 5 years are provided during the lease term.
The property occupies the corner of S. Ashland Ave. and W. 95th Street in Chicago, with surrounding retail and service businesses that include McDonald's, Taco Bell, Burger King, Walgreens, BMO Bank, Dollar Tree, Dunkin' Donuts, and Subway. The address is 9438 S Ashland Ave, Chicago, IL 60620.
The property occupies the corner of S. Ashland Ave. and W. 95th Street in Chicago, with surrounding retail and service businesses that include McDonald's, Taco Bell, Burger King, Walgreens, BMO Bank, Dollar Tree, Dunkin' Donuts, and Subway. The address is 9438 S Ashland Ave, Chicago, IL 60620.
Key Highlights
- Starbucks Corporation lease with more than 7 years remaining
- 2022 construction on a pad site adjacent to Jewel‑Osco Grocery Store
- NN lease structure with four 5‑year extension options
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
155k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Groceries 30%
Shops & Services 23%
Electronics 1%
Jewel-Osco
Groceries
46,069 visits/mo
0.1 miles
McDonald's
Dining
25,264 visits/mo
0.1 miles
Dollar Tree
Shops & Services
12,580 visits/mo
0.1 miles
Starbucks
Dining
11,941 visits/mo
0.0 miles
Dunkin' Donuts
Dining
10,261 visits/mo
0.1 miles
Demographics for 60620, IL
66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
NNN property - Newly constructed coffee shop leased to Starbucks Corporation under an NN structure with extension options.
Where is this nnn property located?
The property is located at 9438 S Ashland Ave Chicago, IL.
What are key features of this property?
This property features: Starbucks Corporation lease with more than 7 years remaining; 2022 construction on a pad site adjacent to Jewel‑Osco Grocery Store; NN lease structure with four 5‑year extension options
