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.