8610 2Nd St Machesney Park, IL 61115

This exceptional investment opportunity presents a brand-new, 2,540-square-foot Starbucks located at 8610 N 2nd St, Machesney Park, IL 61115. Built in 2024, this single-tenant, net-lease property sits on a 1.08-acre lot and boasts 40 parking spaces. The property benefits from a strong 100% occupancy rate and a substantial net operating income (NOI) of $154,940, translating to a compelling 6.65% cap rate. The asking price is $2,330,000, or $917.32 per square foot. A new 10-year corporate lease is in place, featuring 10% rent bumps every five years, and four 5-year renewal options with no termination rights. This prime location on a heavily trafficked road (17,300 vehicles per day) offers unmatched visibility and benefits from a dense, affluent customer base within a five-mile radius (102,496 residents with an average household income of $87,740). Further enhancing the investment potential is a sales tax incentive, where the owner retains 50% of the business district sales tax generated by Starbucks until December 31, 2034, estimated at $9,000 annually. This Starbucks represents a compelling investment in a thriving retail area experiencing significant expansion and revitalization. The property's strong tenant, favorable lease terms, and attractive financial metrics make it an ideal addition to any portfolio.