Starbucks - Kenosha South
Starbucks | 6.15% CAP | Kenosha, WI
Marketing description
Mid-America Real Estate Group Wisconsin LLC has been retained on behalf of ownership to exclusively market for sale a newly constructed, freestanding Starbucks located in Kenosha, Wisconsin. The property is strategically positioned along 80th Street within one of Kenosha's primary retail corridors, serving both southeastern Wisconsin and northern Illinois consumers while benefiting from exceptional visibility, accessibility, and surrounding retail synergy.
The site is shadow anchored by Festival Foods, one of the region's dominant grocery operators generating consistent daily consumer traffic throughout the corridor. The surrounding trade area is further supported by a strong daytime population base and several major demand drivers, including Snap-on Incorporated's global headquarters located just minutes from the property, supporting approximately 13,000 employees worldwide, along with nearby Tremper High School, which serves roughly 1,450 students.
This Starbucks location benefits from established commuter traffic patterns, dense surrounding residential neighborhoods, and a growing regional consumer base that continues to drive long term retail demand throughout the Kenosha market.
Investment highlights
- CORPORATE GUARANTEED LEASE - Starbucks Corporation (NASDAQ: SBUX) is an investment grade tenant (S&P: BBB+, Moody's: Baa1) operating more than 38,000 locations worldwide with annual revenues exceeding $36 billion.
- NEW CONSTRUCTION DRIVE THRU ASSET - The property features Starbucks' modern drive-thru focused prototype designed to support mobile ordering, operational efficiency, and high-volume beverage pickup, aligning with the company's continued emphasis on convenience-driven store formats.
- LONG TERM CORPORATE LEASE STRUCTURE - The lease features a 10-year corporate lease with four 5-year renewal options and scheduled rental increases throughout the option periods, providing long term income stability and contractual rent growth.
- SHADOW ANCHORED BY FESTIVAL FOODS - The property is shadow anchored by Festival Foods, one of Wisconsin's leading grocery operators, generating strong daily traffic patterns and consistent consumer draw throughout the surrounding retail corridor.
- STRONG EMPLOYMENT DRIVER WITH SNAP ON WORLD HEADQUARTERS - Snap-on Incorporated's global headquarters is located less than 1 mile from the property, supporting approximately 13,000 employees worldwide and providing a substantial daytime employment base within the immediate trade area.
- DENSE STUDENT POPULATION - The property benefits from its proximity to Tremper High School, which serves approximately 1,450 students, creating additional daily traffic and consumer activity throughout the corridor.
- ESTABLISHED KENOSHA RETAIL CORRIDOR - Positioned along 80th Street, the property benefits from strong visibility and accessibility within one of Kenosha's primary commercial corridors serving both southeastern Wisconsin and northern Illinois consumers.
- STRATEGIC LOCATION BETWEEN MILWAUKEE & CHICAGO - Kenosha's positioning along Interstate 94 between Milwaukee and Chicago supports long term residential growth, commuter traffic, and sustained retail demand throughout the market.
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