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Chicago & Midwest  + Greater Chicagoland  + Net Lease  | 

Single-Tenant Starbucks Trades in Woodridge

The Boulder Group recently completed the sale of a single tenant Starbucks located at 75 Street and Lemont Road in Woodridge, IL for $2,245,000. 

Jimmy Goodman and John Feeney of The Boulder Group represented both sides in the transaction. The buyer was a Midwest-based real estate investor and the seller was a Midwest-based real estate firm.

The 2,400-square-foot building benefits from its location along Lemont Road, which is a primary north–south thoroughfare. This is a relocation site within Woodgrove Festival Shopping Mall with tenants such as Shoe Carnival, Yankee Candle, Panera Bread, Five Below, Carrabba’s and Jameson’s Charhouse. 

Starbucks has 10 years remaining on its lease, with four five-year renewal options. There are 10% rental escalations every five years. 

Connect

Inside The Story

connect with Boulder Group’s Goodman and Feeney

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 also 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.

  • ◦Sale/Acquisition