Skip to main content

Restaurant

Starbucks w/ Dr-Thru | Rare 15 Yr NNN Ground Lease | Chicago MSA | 2025 Construction | Strong Demos

1001 N Randall Rd, Elgin (Chicago MSA), IL 60123

Listing Price: $3,573,913

Cap Rate
5.75%
Tenant Name
Starbucks
Years Remaining On Lease
15.2
Gross SF
2,279
Guarantor
Corporate Guarantee
Rentable SF
2,279
Price/Gross SF
$1,568.19
Lease Type
NNN Ground Lease
Rent Per Square Feet
$90.17

Investment Overview

Elgin, Illinois, is a thriving city located about 35 miles northwest of Chicago, known for its blend of historic charm and modern development. The area along Randall Road is a major commercial corridor, featuring a variety of shopping centers, restaurants, and service-oriented businesses that cater to both residents and visitors. This stretch is one of the busiest in the region, providing convenient access to retail destinations, dining options, and essential services.

Elgin is home to a diverse population and a strong local economy, with industries ranging from manufacturing to healthcare and education. The city is served by Advocate Sherman Hospital, a key medical facility offering comprehensive healthcare services. Additionally, Elgin Community College provides higher education opportunities and workforce training, making the city an attractive location for students and professionals alike.

The Fox River runs through Elgin, adding to the area’s scenic appeal and offering outdoor recreation such as fishing, boating, and biking along the Fox River Trail. Several parks and green spaces provide residents with opportunities for leisure and community events. The city also boasts a rich cultural scene, with the Elgin Symphony Orchestra, local theaters, and museums preserving the area’s history and artistic heritage.

Transportation is another strong point, as Randall Road connects multiple suburbs in the Fox Valley region. Interstate 90 provides easy access to Chicago and other key destinations, making commuting convenient for businesses and residents.

Overall, this part of Elgin is a vibrant and well-developed area that balances commercial activity with suburban comfort. Its mix of retail, education, healthcare, and recreational amenities makes it a desirable location for families, professionals, and visitors looking to experience the best of what the city has to offer.

Investment Highlights

  • Rare 15 Year NNN Ground Lease featuring 10% Rental Increases in Year 6 and Every Extension. Brand New 2025 High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Major Traffic and Retail Corridor: Features Easy Access & Excellent Visibility at Highly Trafficked Randall Road, with Daily Traffic Counts Exceeding 52k+ Vehicles.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #116 on the Fortune 500 List with an Annual Revenue of more than $36.17 Billion.
  • Near Advocate Sherman Hospital - a Full-Service Medical Facility with 255 Beds, Offering Advanced Healthcare Services, including a Level II Trauma Center, Heart Care, and a State-of-the-Art Healing Environment.
  • Strong Daytime Employment Area - Surrounded by Numerous Established Distribution Centers, Industrial & Manufacturing Plants. Large Base of Employees w/in Walking Distance or a Short Drive.
  • Densely Populated and Affluent Area: Features an Average Household Income of $119k+ within a 1-Mile Radius and more than 159k People Residing within a 5-Mile Radius.
  • The Site has Strong Co-Tenancy with Russo Power Equipment, Athletes HQ and being adjacent to Home Depot. Near Numerous other National Retailers including Target, ALDI, Burlington, Hobby Lobby, Meijer, Menards and more.
  • In Close Proximity to Saint Joseph Hospital - a 184-Bed Medical Facility Providing Comprehensive Healthcare Services, including Emergency Care, Heart and Vascular Care, Orthopedics, and Specialized Treatments for the Community. Minutes from Elgin Community College - a Public Institution serving 8k+ Students, offering Associate Degrees, Workforce Training, and Transfer Programs, with a Strong Focus on Academic Excellence and Community Engagement.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • David Kern

    First Vice President Investments

    (858) 373-3185

    Email David

    License(s): CA: 01878012

    San Diego Downtown

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Restaurant

Starbucks w/ Dr-Thru | Rare 15 Yr NNN Ground Lease | Chicago MSA | 2025 Construction | Strong Demos

Listing Price: $3,573,913

Cap Rate
5.75%
Tenant Name
Starbucks
Years Remaining On Lease
15.2
Gross SF
2,279
Guarantor
Corporate Guarantee
Rentable SF
2,279
Price/Gross SF
$1,568.19
Lease Type
NNN Ground Lease
Rent Per Square Feet
$90.17

Investment Highlights

  • Rare 15 Year NNN Ground Lease featuring 10% Rental Increases in Year 6 and Every Extension. Brand New 2025 High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Major Traffic and Retail Corridor: Features Easy Access & Excellent Visibility at Highly Trafficked Randall Road, with Daily Traffic Counts Exceeding 52k+ Vehicles.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #116 on the Fortune 500 List with an Annual Revenue of more than $36.17 Billion.
  • Near Advocate Sherman Hospital - a Full-Service Medical Facility with 255 Beds, Offering Advanced Healthcare Services, including a Level II Trauma Center, Heart Care, and a State-of-the-Art Healing Environment.
  • Strong Daytime Employment Area - Surrounded by Numerous Established Distribution Centers, Industrial & Manufacturing Plants. Large Base of Employees w/in Walking Distance or a Short Drive.
  • Densely Populated and Affluent Area: Features an Average Household Income of $119k+ within a 1-Mile Radius and more than 159k People Residing within a 5-Mile Radius.
  • The Site has Strong Co-Tenancy with Russo Power Equipment, Athletes HQ and being adjacent to Home Depot. Near Numerous other National Retailers including Target, ALDI, Burlington, Hobby Lobby, Meijer, Menards and more.
  • In Close Proximity to Saint Joseph Hospital - a 184-Bed Medical Facility Providing Comprehensive Healthcare Services, including Emergency Care, Heart and Vascular Care, Orthopedics, and Specialized Treatments for the Community. Minutes from Elgin Community College - a Public Institution serving 8k+ Students, offering Associate Degrees, Workforce Training, and Transfer Programs, with a Strong Focus on Academic Excellence and Community Engagement.

Investment Overview

Elgin, Illinois, is a thriving city located about 35 miles northwest of Chicago, known for its blend of historic charm and modern development. The area along Randall Road is a major commercial corridor, featuring a variety of shopping centers, restaurants, and service-oriented businesses that cater to both residents and visitors. This stretch is one of the busiest in the region, providing convenient access to retail destinations, dining options, and essential services. Elgin is home to a diverse population and a strong local economy, with industries ranging from manufacturing to healthcare and education. The city is served by Advocate Sherman Hospital, a key medical facility offering comprehensive healthcare services. Additionally, Elgin Community College provides higher education opportunities and workforce training, making the city an attractive location for students and professionals alike. The Fox River runs through Elgin, adding to the area’s scenic appeal and offering outdoor recreation such as fishing, boating, and biking along the Fox River Trail. Several parks and green spaces provide residents with opportunities for leisure and community events. The city also boasts a rich cultural scene, with the Elgin Symphony Orchestra, local theaters, and museums preserving the area’s history and artistic heritage. Transportation is another strong point, as Randall Road connects multiple suburbs in the Fox Valley region. Interstate 90 provides easy access to Chicago and other key destinations, making commuting convenient for businesses and residents. Overall, this part of Elgin is a vibrant and well-developed area that balances commercial activity with suburban comfort. Its mix of retail, education, healthcare, and recreational amenities makes it a desirable location for families, professionals, and visitors looking to experience the best of what the city has to offer.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • David Kern

    First Vice President Investments

    (858) 373-3185

    Email David

    License(s): CA: 01878012

    San Diego Downtown

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

MM Texture Background
MM Textured Background Lower