Starbucks/T-Mobile Center
Chicago, IL (MSA)
Contact: Derrick Schroeder 954-296-6955
Dschroe@gmail.com
 


 
Primary Type:
Retail / Shopping Center
Price:
$3,598,528
Price/SF:
$665.53
Cap Rate:
6.25%
Occupancy: 100%
Building Size:
5,407 SF
Lot Size:
52,020 SF
Year Built:
2007
Net Lease Investment:
Yes
Date Last Verified:
10/1/2007
If you are interested in this property, feel free to contact the Solid Investments Team!
Via E-Mail
Derrick Schroeder


Property:
 Starbucks/T-Mobile
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Via Phone:
Derrick Schroeder

Solid Investments
954-492-9431

 

Property Description:
Brand New construction that is 100% occupied with two National Credit Tenants: Starbucks-BBB+ & T-Mobile- A-. Located in front of the new Wal-Mart Supercenter. 10 year NNN leases with great rent bumps! A+ Location! 5 Mile Population of 237,405 & Avg HH Income of $70,463

Starbucks: The world's #1 specialty coffee retailer has more than 12,000 coffee shops in more than 35 countries. The outlets offer coffee drinks and food items, as well as beans, coffee accessories, and teas. Starbucks owns about 7,100 of its shops, which are located in about 10 countries (mostly in the US), while licensees and franchisees operate more than 5,300 units worldwide (primarily in shopping centers and airports). Year-end 2006 sales of $7.8 Billion.

T-Mobile: T-Mobile USA is a national provider of wireless voice, messaging, and data services capable of reaching over 268 million Americans where they live, work, and play. Around the country, our Personal Coverage Check gives customers a clear picture of their local coverage. T-Mobile USA is the US operating entity of T-Mobile International AG & Co.

Location:
Located in the Chicago Metropolitan Statistical Area (MSA). The site is located in front of the new Wal-Mart Supercenter and is only ½ mile to the I-57 and I-80
Financial Summary

Actual
NOI $224,908
 
  • Fantastic Location
  • Located in front of the new Wal-Mart
  • Starbucks & T-Mobile Corporate NNN Leases
  • New Construction: 2007 Built
  • S&P Ratings: Starbucks-BBB+ & T-Mobile- A-
 
   
   
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to enter into a loan agreement with Baron Financial Group, Inc. Rates, Terms and Loan programs are subject market conditions, underwriting and credit reviews and are subject to change without notice. This newsletter is for informational use by real estate professionals only, and not for consumer use or distribution. This is not an offer to the general public to make a loan on any particular terms. All loan applicants must qualify under Baron Financial Group's underwriting requirements. Loan programs are not available in all jurisdictions.

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 Loan to Value Ratio (%)
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 Amortization (years)
 Interest Rate (%)
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 Total Down Payment ($)  
 Annual Rent ($) $224,908.00
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 Annual Cash Return ($)
(rent less P&I)		  
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  $224,908.00
   
  
 		  
   
  Ask the Expert
Please call:
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3087 E. Commercial Blvd. Ft. Lauderdale, FL 33308