Starbucks | New Construction

234 North Northwest Highway, Palatine, IL

For Sale

Retail Restaurant

$2,170,000

Price

Overview

Cap Rate

5.07%

Development Type

Retail

Lot Area

0.33 acres

Building Size

2,000 sqft

Lease Type

Double Net

Offered by

Patrick Forkin

Vice President

Baum Realty Group

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Description

The freestanding building is currently under construction and located at the hard corner of Northwest Highway (US-14) and East Colfax Street. It is strategically positioned on the “morning-side” of US-14 for drivethrough customers heading south on their way in to work. Starbucks can incorporate their new “Starbucks Evenings” concept which features craft beer, wine, and evening snacks, providing additional evening revenue for the store

Highlights

Brand New Construction with Drive-Thru
Long Term Lease with Rent Increases
Strategic Location
Minimal Competition