Starbucks, Five Guys, & AT&T

The Snyder Carlton National Net Lease Team is pleased to offer investors the opportunity to acquire a three-tenant retail asset in the Chicago MSA (population MSA exceeding 9.4 million). 100% occupied by Starbucks Coffee, AT&T & Five Guys, the asset is strategically positioned along Homewood’s busiest retail corridors, directly opposite The Home Depot and Jewel-Osco shopping center and only 22 miles from downtown Chicago.

Starbucks, ranked 118 on the Fortune 500 list, operates over 41,000 locations globally and is the most popular coffee concept worldwide. AT&T is ranked 34th on the Fortune 500 list and has a market cap exceeding $173 billion. Five Guys operates 2,000 restaurants across 30 countries and benefits from 10% rent increases every five years with the next increase occurring in November 2027.

All tenants are subject to net leases leaving landlord with minimal responsibilities (roof and structure) and the shops have a weighted average lease term exceeding 5 years. The 7,019 SF building on 0.77-acre parcel is located along Halsted Street (46,900 VPD) and is positioned as an outparcel to the Washington Park Plaza, a 140,000 SF community center. Nearby retailers include Menard’s, Target, T.J. Maxx, Ross Dress for Less, Bank of America, Walgreens, McDonald’s, Chick-fil-A, Chipotle, Panera Bread, Starbucks, Panda Express, Wendy’s, Popeyes & more.

Don’t miss out on this opportunity to purchase a 3-tenant retail outparcel in the third largest MSA in America with a strong mix of tenants, favorable lease terms and excellent positioning producing years of diversified cash flows.

Available