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1427 Lee St, Des Plaines, IL, 60018

Starbucks

$1,699,000

Key Information

Cap Rate
6.3%
$ per SF
$888
Tot. SF
1,914
Lot Size
0.25 Acres
Year Built
2008 / 2025 (R)
Term Remaining
± 3 Years
Type
Retail
NOI
$107,018

Highlights

• Established Operating History – Starbucks has maintained a long-standing presence at this location, demonstrating its continued commitment to the property and the Des Plaines market.
• Early Lease Extension – Starbucks proactively exercised its renewal option ahead of schedule and added an additional renewal term, reinforcing its commitment to the location.
• Recent Store Remodel – Starbucks completed a remodel of this location in 2025, demonstrating continued investment in the property and its long-term operations.
• Convenient Drive-Thru Location – The property benefits from an established drive-thru, convenient access, and proximity to surrounding residential neighborhoods and daily-needs retail, supporting consistent customer accessibility.
• Strong Retail Corridor – Strategically positioned along Lee Street near Oakton Street, surrounded by established retail destinations and major traffic drivers, including Planet Fitness, Jewel-Osco, and O’Hare International Airport.
• Strategic Chicago-Area Location – Located approximately 17 miles northwest of Downtown Chicago, Des Plaines benefits from proximity to one of the nation’s largest metropolitan markets, providing access to a substantial population base, major employment centers, and regional economic activity.

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661