{"id":2922,"date":"2025-02-10T19:52:47","date_gmt":"2025-02-10T19:52:47","guid":{"rendered":"https:\/\/www.bouldergroup.com\/blog\/?p=2922"},"modified":"2025-02-10T19:52:47","modified_gmt":"2025-02-10T19:52:47","slug":"net-leased-starbucks-sold-in-chicago-msa","status":"publish","type":"post","link":"https:\/\/www.bouldergroup.com\/blog\/net-leased-starbucks-sold-in-chicago-msa\/","title":{"rendered":"Net Leased Starbucks Sold in Chicago MSA"},"content":{"rendered":"<p>The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Dollar General located at 1835 East Belvidere Road in Grayslake, Illinois for $2,825,000.<\/p>\n<p>The 2,278-square-foot building benefits from its location in Grayslake, a northern suburb of Chicago. The property is positioned near the intersection of Belvidere Road and US Highway 45, which see a combined traffic volume of 67,000 vehicles per day. The property is situated near College of Lake County, located less than a five-minute drive away, where 17,600 students were enrolled in 2023. The surrounding area contains over 134,000 residents living within a five-mile radius. Furthermore, the three-mile radius boasts an affluent population with an average household income of $162,044.<\/p>\n<p>Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a Midwest based developer, and the buyer was a private investor from Illinois.<\/p>\n<p>Starbucks Corporation (NASDAQ: SBUX) is an American global coffee company and coffeehouse chain based in Seattle, Washington. Starbucks was founded in 1985 as a local coffee bean roaster and retailer and has grown into the largest coffeehouse company in the world. Starbucks is an investment grade rated company with a Standard &amp; Poor\u2019s rating of BBB+.<\/p>\n<p>\u201cNew construction properties with long term leases to investment grade tenants with rental escalations are the most sought-after net lease product\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 Jimmy Goodman of The Boulder Group, added, &#8220;The buyer was drawn to this deal due to Starbucks&#8217; rare self-maintaining lease.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Dollar General located at 1835 East Belvidere Road in Grayslake, Illinois for $2,825,000. The 2,278-square-foot building benefits from its location in Grayslake, a northern suburb of Chicago. The property is positioned near the intersection of Belvidere Road and US [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[388],"tags":[],"class_list":["post-2922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-net-lease-sold"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Net Leased Starbucks Sold in Chicago MSA - The Boulder Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bouldergroup.com\/blog\/net-leased-starbucks-sold-in-chicago-msa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Net Leased Starbucks Sold in Chicago MSA - The Boulder Group\" \/>\n<meta property=\"og:description\" content=\"The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Dollar General located at 1835 East Belvidere Road in Grayslake, Illinois for $2,825,000. 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