1835 Belvidere Rd, Grayslake, IL 60030-2290

This exceptional investment opportunity presents a brand-new, 2,278-square-foot Starbucks located in Grayslake, Illinois, a thriving northern Chicago suburb. The property boasts a strong 12-year net lease with a credit-rated tenant, commencing October 18, 2024, and expiring October 17, 2036. The lease includes four 5-year renewal options, each with a 10% rent increase in year 8 and subsequent renewal options. The property sits on a 1.12-acre lot and enjoys 100% occupancy, generating a substantial net operating income (NOI) of $175,000, representing a 6.00% cap rate. Built in 2024, this is a relocation store from a previously inferior location, showcasing Starbucks' commitment to the area. The strategic location near the intersection of Belvidere Road (37,900 vehicles per day) and US Highway 45 (29,100 vehicles per day) ensures high visibility and accessibility. The property benefits from its proximity to the College of Lake County (17,600+ students), Northwestern Medicine Emergency Center, and County Faire Plaza, anchored by Walgreens, McDonald's, and other prominent businesses. The affluent surrounding area boasts an average household income exceeding $162,044 within a three-mile radius and a population of over 134,000 within five miles. This is a rare opportunity to acquire a self-maintaining, high-performing Starbucks investment in a prime location. The asking price is $2,916,666.