STNL Investment Opportunity
STNL Investment Opportunity | 9.20% CAP | Island Lake, IL
Marketing description
Brookline Real Estate, LLC. presents the opportunity to acquire a STNL investment positioned in a strong, transit-oriented location in the Chicago suburb of Island Lake.
Island Lake Cafe at 310 E State Road contains 4,943 square-feet and is situated on approximately 0.63 acres. Directly on Route 176 between US Route 12 and the Fox River, the property benefits greatly from its position at a signalized intersection along the main business corridor which features national retailers and outdoor-related businesses.
The building has been well-maintained and offers its visitors 29 total parking spots in an accessible lot with three points of ingress/egress. Island Lake Cafe has been in operation for 30 years and currently has four years left on their lease.
This asset is being offered at a 9.20% CAP rate with tremendous cash flow and continued growth.
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