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1835 Belvidere rd
Grayslake, IL 60030

$2,916,667 USD

General Retail For Sale  •  2,278 SF

Property Details

• Property Type General Retail
• Total Building Size 2,278 SF
• Lot Size 1.12 AC
• Building Class B
• Year Built 2024
• Cap Rate 6.00 %
• Tenancy Single

20 Transit Score

50 Walk Score

Highlights

Positioned within the Chicago MSA – A northern suburb (Grayslake)

Starbucks Corporation is an investment grade tenant – S&P: BBB+

New construction & relocation from an inferior space

New 12-year lease commencing in October 2024

10% rental escalations in year 8 and every renewal option

Located along Belvidere Road (37,900 VPD) & just off US Highway 45 (29,100 VPD)

Property Flyers

OM-Starbucks-Grayslake-IL

Cap Rate:

6.00 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Prairie Crossing Station (Md-North) (Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra))	3 min	-	1.9 mi
Prairie Crossing Station (Ncs) (North Central Service - Northeast Illinois Regional Commuter Railroad (Metra))	5 min	-	2.2 mi
Airport	Drive	Walk	Distance
Chicago O'Hare International	42 min	-	32.7 mi