For Sale
$2,125,984

5758 Monee Manhattan RdMonee, IL 60449

High-yield Starbucks NNN lease, strong tenant.

Overview

Added:
Feb 13
Days on market:
54
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.

Highlights

  • $2,125,984 asking price for a net-leased retail property in Monee, IL.
  • 10-year NN+ lease to Starbucks, commencing April 25, 2025, with four 5-year options.
  • 6.35% cap rate based on a $135,000 NOI.
  • 2,540 square foot building, new construction (2025), 100% occupancy.
  • Strong tenant: investment-grade Starbucks Corporation (SBUX), with 10% rent increases every 5 years and in options.
  • Excellent location: high-traffic intersection (57,500 VPD), affluent area (40,893 residents within 5 miles, $143,428 average household income within 3 miles), surrounded by other national retailers.

Property Details for 5758 Monee Manhattan Rd

Property type
Retail properties, Retail space
Square Feet
2,540 SF
Year Built
2025

Location Insight

City
Monee
County
Will
State
Illinois
Latitude
41.426988710607
Longitude
-87.748103034132
5758 Monee Manhattan Rd, Monee, Illinois

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5758 Monee Manhattan Rd
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