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16600023
16600022

2454 Oakton St, Evanston, IL 60202 For Sale

MM
471.006713, IL
RE/MAX Premier
MR
Kale Realty
Listed by RE/MAX Premier, Kale Realty
$6,250,000
834 days on market
Updated 6 days ago

Evanston Sports Centers (Fully Leased to Toca Sports)

Details
Property Type Special Purpose
Sub Type Sports/Entertainment
Square Footage 67,800
Cap Rate 7.00%
NOI $453,921
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 9.8
Price per SqFt $93
Year Built 2016
Lot Size (SqFt) 115,535

Retail | 7.25% CAP | 67,800 SF

Marketing description

Premier Commercial is pleased to exclusively market for sale a single tenant net leased TOCA football property located within the Chicago MSA in Evanston, Illinois. The 10-year lease commenced in November 2023 and runs through November 2033. The subject lease features scheduled 3% increases every year throughout the primary ten-year term and two 5-year options. The property is less than 10 years old as it was built in 2015. TOCA Football recently decided to operate this location due to its outstanding performance and local demographics.

TOCA Football has acquired Quad Indoor Sports, a 65,000-square-foot venue in the Evanston suburb of Chicago. The facility will now be known as the TOCA Evanston Soccer & Sports Centers. The company plans to infuse its technology-focused training methods starting in 2024.

This business is backed by the West River Group, which made early investments in Topgolf, and counts Tottenham Hotspur striker Harry Kane and Arsenal defender Leah Williamson among its ambassadors. For Maruyama, the potential of TOCA, given the simple pick-up-and-play nature of soccer, is around 20 to 30 times greater than Topgolf. For context, Topgolf draws over 20 million guests annually to more than 60 locations across the United States and was acquired by golf brand Callaway in 2021 in a deal valuing the company at $2 billion. https://www.tocafootball.com/

Investment highlights

  • State of the Art Sports Facility Built in 2016
  • Rare Chicago North Shore Commercial Asset
  • Current Tenant Operates 35+ Locations Across the U.s. And Canada
  • Positioned Within the Chicago Msa – Ranked #3 in the United States
  • Prime Location With Easy Access via Highway & Public Transit
  • Avg Hh Income: ~$114,000+ (10 Mile Radius)

Listing Contacts

MM
471.006713, IL
RE/MAX Premier
MR
Kale Realty
Listed by RE/MAX Premier, Kale Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$453,921.00
$37,826.75/mo

Valuation Metrics

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DSCR
7.26%
Cap Rate
7.26%
ROI

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