Chicago, IL - Syndicated Equities Investment Sales Group announced today the successful closing of a single-tenant Starbucks located in Aurora, Illinois, approximately 35 miles west of downtown Chicago.

Josh York represented the Seller in the transaction, a private Chicago-based investor, and also advised the Seller in securing a new long-term lease extension from Starbucks prior to bringing the property to market. The Buyer, who acquired the asset as replacement property for a 1031 exchange, was represented by Jeremy Benloulou at Pegasus Investments.

The 1,925-square-foot freestanding building is 100% leased to Starbucks Corporation, an investment-grade tenant rated BBB+ by S&P Global and is situated on a 0.82-acre parcel at the signalized intersection of Ogden Avenue and Eola Road. Starbucks, at its sole expense, recently completed a $900,000 interior renovation of the Property in November 2024, further reinforcing its long-term commitment to the location.

The Property is positioned within a dense residential and commercial corridor anchored by Rush Copley Medical Center, a 210-bed hospital employing more than 2,500 clinical and professional staff members and generating approximately 1.5 million annual visits. The site also benefits from immediate proximity to Waubonsie Valley High School (2,654 students) and Fischer Middle School (821 students), which are located directly across the street.

This transaction reflects Syndicated Equities’ ongoing net lease brokerage activity throughout Illinois. To date, the firm has brokered more than $260 million worth of single-tenant net lease assets across the state, representing properties leased to nationally recognized tenants such as ALDI, AutoZone, Chase Bank, Costco, CVS Pharmacy, and more.