Retail Business for Sale in Chicago Heights, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Chicago Heights, IL 60411

Description

This newly constructed Starbucks, built in 2024, is secured by a corporate guarantee and features nine years of term remaining with 4, 5-year renewal options and scheduled rent increases. The property includes a drive-thru and 65 parking spaces on a 0.94-acre lot, enhancing both current and future tenant value. It is shadow anchored by Lincoln Crossing Shopping Center, which attracts over 1.1 million annual visitors and positioned as an outlot to Extra Space Storage, which draws over 20,700 annual visitors. Strategically positioned on the morning side of traffic along Lincoln Highway / Route 30 (31,400 VPD), this location captures commuter flow heading west toward the Metra station and Interstate-57. The Metra station, just 1.6 miles west, serves over 4 million annual riders, while Interstate-57, 3.6 miles west, handles 79,300 vehicles daily. The dense, affluent trade area is home to nearly 80,000 residents and over 70,000 employees within three miles, with an average household income exceeding $103,000 within a five-mile radius. Investment Highlights: • New 2024 construction Starbucks with a corporate guarantee • Lease features 9-years of term remaining with 4, 5-year renewal options and scheduled rental increases • Outlot to Extra Space Storage (20.7K annual visitors) & shadow anchored by Food 4 Less (699.5K annual visitors) • Morning-side of traffic | Located on Lincoln Hwy which sees 31,400 vehicles per day • Strong surrounding drivers including national retailers and several schools • Average household income of $103,013 within a five-mile radius • 79,666 people live and 70,461 people work within a three-mile radius

Market Context

This retail in Chicago Heights, IL is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 53 days. Compare it against other retail listings for sale in Chicago Heights, IL — <a href="/search/sale/retail/illinois/chicago-heights">view the full market</a>.

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