Starbucks (Dark) | 2024 Construction | Affluent Demographics
2925 Barrington Road, Hoffman Estates, IL 60192
Price: $2,407,000
Status: Available
Cap Rate: 7.16%
Year Built: 2024
NOI: $172,500
Lot Size: 1.34 acres
Price Per Foot: $1,082
Lease Type: Absolute Triple-Net Ground (NNN)
Remaining Term: 13+
GLA: 2,225 sqft
Property Intro
Lee & Associates, in conjunction with Bang Realty - Illinois, Inc., is pleased to present a fee-simple, single-tenant Starbucks ground-leased asset located at 2925 Barrington Road in Hoffman Estates, Illinois (Chicago MSA). Constructed in 2024, the 2,225 square-foot freestanding building sits on approximately 1.34 acres.
Although the site is currently dark, Starbucks Corporation (NASDAQ: SBUX; S&P: BBB+) continues to pay 100% of base rent and all operating expenses, including taxes, insurance, and capital repairs.
Strategically positioned in a dense northwest Chicago suburb, the site benefits from proximity to a full interchange with I-90 (174,000 VPD), just 20 minutes from O’Hare International Airport and 35 minutes from downtown Chicago. The property is located within an affluent trade area with an average household income of $319,000 within one mile and over 50,000 residents within a three-mile radius. Neighboring the Microsoft Technology Park and Claire’s global headquarters, the site draws demand from a workforce exceeding three million people within a 60-minute drive, reinforcing the long-term appeal of this location.