The Boulder Group completed the sale of a single-tenant Starbucks at 1051 Route 59 in Antioch, Illinois, for $2.46 million.
The 2,540 square-foot building benefits from its position along Illinois Route 59 (11,500 VPD) and proximity to Illinois Route 173 (12,900 VPD). The property is neighbored by several nationally recognized retailers that include Jewel-Osco, Ace Hardware, CVS Pharmacy, PNC Bank, and Advance Auto Parts. Other retailers found nearby include McDonald’s, Chevrolet, Ford, Tractor Supply Company, NAPA Auto Parts, Dairy Queen, and Domino’s Pizza.
Additionally, the property is less than one mile from Antioch Community High School which has over 1,300 students enrolled. There are over 48,000 people living within a five-mile radius. Antioch is an affluent community that earns an average household income in excess of $128,000.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented both sides in the transaction. The seller is a Midwest based real estate firm, and the buyer was a partnership based in Washington.
