Current Use by Public Records
- Retail properties & Spaces
Property Details for 5758 Monee Manhattan Rd
- Year built
- 2025
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 2025-built Starbucks located at 5758 W Monee Manhattan Rd, Monee, IL 60449. The property boasts a 2,540 square foot building with a 10-year Net Lease (NN+) agreement, commencing April 25, 2025, and expiring April 30, 2035. The lease includes four, five-year options with attractive 10% rent bumps every five years and within the option periods. The current Net Operating Income (NOI) is $135,000, yielding a 6.35% cap rate on the $2,125,984 asking price. The tenant, Starbucks Corporation, is an investment-grade tenant with a strong credit rating and corporate guarantee, ensuring a secure and stable investment. This single-tenant property benefits from a prime location in the affluent Chicago MSA suburb of Monee, boasting an average household income of $143,428 within a three-mile radius and a population exceeding 40,893 residents within a five-mile radius. The site enjoys exceptional visibility, situated at the intersection of Highway 54 and W Monee Manhattan Rd, a high-traffic area with over 57,500 vehicles per day. Nearby national retailers include Advance Auto Parts, Burger King, Taco Bell, KFC, Pizza Hut, and Culver's. Starbucks is responsible for the maintenance of the common areas, minimizing landlord responsibilities. This is a turnkey investment opportunity with significant upside potential. 100% occupancy ensures immediate cash flow.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monee
- County
- Will
- State
- Illinois
- Longitude
- -87.7481
- Latitude
- 41.427
