910 Kinzie AveBradley, IL 60915

Property Details for 910 Kinzie Ave

Lot size

1.56 AC

Property type

Commercial real estate

APN

17-09-21-100-038

APU

170921100038

Description

This exceptional investment opportunity presents a brand-new (2024) Starbucks located at 910 N Kinzie Ave, Bradley, IL 60915. The property boasts a 15-year absolute NNN lease with a credit-rated corporate guarantor, ensuring consistent passive income. The 2,225 square foot building sits on a substantial 1.56-acre lot, significantly larger than the average Starbucks location, offering ample parking and future development potential. The property features a high-capacity drive-thru designed to accommodate 15 vehicles, reflecting strong market demand. Situated on US-50 with excellent visibility and convenient access to I-57, this location benefits from high traffic volume (over 24,000 vehicles per day) and proximity to major retailers like Meijer and Lowe's. The property's strong location, long-term lease, and investment-grade tenant (Starbucks Corporation) combine to offer a compelling investment with a 6.00% cap rate and a Net Operating Income (NOI) of $190,000. The asking price is $3,167,000. This is a truly hands-off investment opportunity with zero landlord responsibilities for taxes, insurance, and maintenance. The lease includes rent bumps, further securing long-term returns. The property's strategic location within a thriving retail corridor, combined with the strength of the Starbucks brand and the long-term lease, makes this an attractive investment for discerning buyers.

• Alternative Use

  Use

  Valuation

  Residential

  $24,996,658

  Hospitality

  $22,896,806

  Educational

  $19,049,874

  Medical

  $19,705,028

  Retail

  $29,633,136

Location Insight

City

Bradley

County

Kankakee

State

Illinois

Latitude

41.1576

Longitude

-87.8504

CBSA code

28100

CBSA name

KANKAKEE-BRADLEY, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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