Palatine, IL 60067


Property Address

234 N Northwest Hwy Palatine, IL 60067

Offering Summary

  • Price: $1,947,000
  • Lot Size: 0.33 Acres
  • Cap Rate: 5.65%
  • Year Built: 2017
  • Building SF: 2,000
  • Status: In Escrow
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  • Nine Years Remaining in Lease Term with Starbucks Corporation
  • Ten Percent Rental Increases Every Five Years
  • Strategically Located on the Morning Side of Traffic
  • Chicago MSA – 252,000+ Residents in Growing Palatine Trade Area
  • Visible to 35,800+ Cars per Day Along N Northwest Hwy & E Colfax St
  • Down the Road from Mariano’s Grocery Store
  • Close Proximity to Palatine Public Library, Palatine School District, Community
    Park & Aquatic Center, and Palatine Police Department
  • Average Household Income Exceeds $116K in Immediate Area
  • Twenty Minutes Northwest of O’Hare International Airport
  • More Than 279,865 Daytime Employees in Surrounding Area
  • Thirty Miles from Downtown Chicago

Broker Information