Chicago & Midwest + Greater Chicagoland + Net Lease | February 17, 2023

Sharko | Weisenbeck Team Closes Deal for Net-Leased Starbucks

Marcus & Millichap closed the sale of a 2,225-square-foot, net-leased Starbucks located in Batavia, IL. The asset sold for $2,050,000.

SVPs Austin Weisenbeck and Sean R. Sharko, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, marketed the property on behalf of the seller, a Chicagoland limited liability company. The buyer, a Wisconsin private investor, was secured and represented by Weisenbeck and Sharko.

The new built-to-suit, stand-alone Starbucks in Batavia is located at the intersection of Randall Road and McKee Street and ideally situated alongside the major retail thoroughfare of Kane County. Built in 2022, this property features a drive-thru and outdoor seating area and caters to an affluent population with an anticipated population growth of 2% by 2026 within a five-mile radius. Solid lease terms offer a 10-plus-year net, minimal landlord responsibility and corporate guarantee by Starbucks Corporation.

Connect

Inside The Story

Marcus & Millichap's Sharko | Wiesenbeck | Mendoza Group

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints