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29403131
29403132

6030 Grand Ave, Gurnee, IL 60031

OT
IL IL 475171491
Keller Williams Infinity
Listed by Keller Williams Infinity
$3,050,000
127 days on market
Updated 9 days ago

Chili's Grill & Bar

Details
APN 07-16-103-037
Property Type Retail
Sub Type Restaurant
Square Footage 5,331
Cap Rate 6.03%
NOI $184,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chili's
Lease Type NNN
Lease Expiration 12/31/2033
Remaining Term 7.6
Year Built 1993
Year Renovated 2021
Buildings 1
Stories 1
Acreage 1.540
Zoning C6
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/01/2023

Single Tenant NNN | 6.03% CAP | 5,331 SqFt

Marketing description

KW Commercial is pleased to present the exclusive opportunity to purchase a single-tenant, absolute NNN, Chilis, located in Gurnee, IL. The property was built in 1993 and renovated in 2021. The investment features a corporate guaranteed lease with approximately 12 years of term remaining. The property is strategically located at the main entrance to Gurnee Mills, the largest outlet and value retail shopping destination in Illinois that draws more than 20 million visitors each year and draws from the 120,000+ population with average household incomes exceeding $130,000 within a 5-mile radius. For more information please contact Omar Tharani. 630-412-1642 (call/text) or TharaniTeam@gmail.com

Investment highlights

KW Commercial is pleased to present the exclusive opportunity to purchase a single-tenant, absolute NNN, Chilis, located in Gurnee, IL. The property was built in 1993 and renovated in 2021. The investment features a corporate guaranteed lease with approximately 12 years of term remaining. The property is strategically located at the main entrance to Gurnee Mills, the largest outlet and value retail shopping destination in Illinois that draws more than 20 million visitors each year and draws from the 120,000+ population with average household incomes exceeding $130,000 within a 5-mile radius. For more information please contact Omar Tharani. 630-412-1642 (call/text) or TharaniTeam@gmail.com

Listing Contacts

OT
IL IL 475171491
Keller Williams Infinity
Listed by Keller Williams Infinity

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$184,000.00
$15,333.33/mo

Valuation Metrics

0
DSCR
6.03%
Cap Rate
6.03%
ROI

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Additional Information

Name
Omar Tharani
License
IL 475171491
Brokerage
KW Commercial
Brokerage Phone
630-412-1642
Title
Broker
Brokerage Address
608 South Washington Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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