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29219139
29219140

6317 Roosevelt Rd, Berwyn, IL 60402

GV
IL IL475144709, FL 377564242 (+1)
CENTURY 21 Circle
Listed by CENTURY 21 Circle
$675,000
141 days on market
Updated 141 days ago

Berwyn

Details
Property Type Retail
Sub Type Bar
Square Footage 5,500
Net Rentable (SqFt) 5,500
Units 1
Cap Rate 9.39%
NOI $63,360
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 13.1
Lease Expiration 01/31/2032
Remaining Term 5.7
Rent Bumps Yes
Price per SqFt $123
Class B
Buildings 1
Stories 1
Zoning Commercial
Investment Type Stabilized
Lease Commencement 01/01/2019
Occupancy Date 01/01/2019

Great stabilized income , earn great returns on this single tenant property

Marketing description

Excellent investment opportunity featuring a long-term, established tenant. Mike’s Place, a well-known and successful Berwyn establishment, has occupied the property continuously since 2019, providing stable and reliable income.

The property currently delivers 8.5% cap rate with annual rent increases already in place, making it an attractive asset for investors seeking predictable cash flow. The lease structure is a true NNN, with all operating expenses fully passed through to the tenant, ensuring minimal landlord responsibility and maximum efficiency.

In addition to the strong cap rate, there is significant upside potential. Ownership collects management fees billed through the common element charges, which can substantially increase the effective cap rate beyond current returns.

This is a rare opportunity to acquire a stabilized, income-producing property with a proven tenant, built-in rent growth, and long-term value in a desirable Berwyn location. Ideal for investors seeking a low-maintenance asset with strong fundamentals and upside potential.

Investment highlights

Stabilized income , Great area, Long term single use tenant

Listing Contacts

GV
IL IL475144709, FL 377564242 (+1)
CENTURY 21 Circle
Listed by CENTURY 21 Circle

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$63,360.00
$5,280.00/mo

Valuation Metrics

0
DSCR
9.39%
Cap Rate
9.39%
ROI

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Additional Information

Name
George Venturella
License
IL475144709
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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