8359 Grand Ave | River Grove, IL 60171
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8359 Grand Ave
River Grove, IL 60171
River Grove Starbucks · Retail Property For Sale
Investment Highlights
- Corner location at the intersection of Grand and Thatcher Avenue.
- Easy access and plentiful parking.
- Average Household Incomes of $81,000+ within a 5-mile radius.
- Built in 2019.
Executive Summary
This Starbucks location features a rentable area of 2,230 square feet on 0.5 acres of land. There is a lease term of 7 years with (4) five-year options. Great corner location with easy access to the parking lot and a drive-thru.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,230 SF
Building Class
B
Year Built
2019
Price
$2,775,000
Price Per SF
$1,244
Cap Rate
4.50%
NOI
$124,813
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.50 AC
Zoning
C2
Parking
19 Spaces (8.52 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
PROPERTY TAXES
| Parcel Number | 12-26-409-037-0000 | Improvements Assessment | $75,034 |
| Land Assessment | $63,730 | Total Assessment | $138,764 |
PROPERTY TAXES
Parcel Number
12-26-409-037-0000
Land Assessment
$63,730
Improvements Assessment
$75,034
Total Assessment
$138,764
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