2575 Ogden Ave Aurora, IL 60504
- Retail properties
- 1,925 SF
- 0.82 lot acres
Current Use by Public Records
- Starbucks / Internet Cafe / Breakfast Restaurant
- Chimney Sweep & Fireplaces Aurora HMT / Wood Stove Shop
Property Details for 2575 Ogden Ave
- Year built
- 2007
- Lot size
- 0.82 lot acres
- Property size
- 1,925 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a fee-simple, 100% net-leased Starbucks located at 2575 Ogden Ave, Aurora, IL 60504. Boasting 1,925 square feet on a 0.82-acre lot, this property benefits from an outstanding location at a signalized intersection with over 70,000 vehicles daily. The strong tenant, Starbucks Corporation (S&P: BBB+), has a lease extending to January 31, 2033 (8.2 years remaining), with a recent 10-year extension. The property's high visibility is further enhanced by its proximity to Rush Copley Medical Center (a 210-bed hospital with 500 physicians and over 2,500 staff), Waubonsie Valley High School (2,654 students), and Fischer Middle School (821 students). Situated in a densely populated area with over 254,000 residents and an average household income exceeding $130,000 within a 5-mile radius, this property offers a compelling combination of strong tenant credit, long-term lease stability, and a prime location in Aurora, Illinois – the state's second-largest city, just 35 miles west of downtown Chicago. The property's Net Operating Income (NOI) is $119,128, resulting in a 6.20% cap rate. The asking price is $1,921,500 ($998.18/sq ft). Built in 2007, this property represents a secure and profitable investment opportunity. Rent bumps are detailed in a separate rent schedule.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- DuPage
- State
- Illinois
- Longitude
- -88.252
- Latitude
- 41.7376
