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31269951
31269952

491 N Randall Rd, Batavia, IL 60510

EV
01913407
Anchor Point Capital
Anchor Point Capital
JS
CA 02229082
Anchor Point Capital
Listed by Anchor Point Capital
$1,800,000
71 days on market
Updated 71 days ago

Abs. NNN Ground Lease Chili's

Details
Property Type Retail
Sub Type Pharmacy/Drug, QSR/Fast Food (+1)
Square Footage 5,547
Net Rentable (SqFt) 5,547
Units 1
Cap Rate 5.55%
NOI $99,825
Occupancy 100%
Tenancy Single
Brand/Tenant Chili's
Lease Type Absolute NNN
Lease Term 35.4
Lease Expiration 12/31/2033
Remaining Term 7.6
Rent Bumps Yes
Lease Options 4 - 5 yr
Price per SqFt $325
Year Built 1998
Buildings 1
Acreage 1.260
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/06/1998
Occupancy Date 08/16/1998
Ground Lease Yes

Guaranteed by Brinker International, Inc. | 34,700+ VPD along Randall Rd.

Marketing description

For More Information, Contact:

Chandler Dignam [email protected]

Jacob Sparks [email protected]

Excellent Single Tenant Investment Opportunity

  • 8 Years Remaining on Corporate Lease to Chili’s Grill & Bar

  • Guaranteed by Brinker International, Inc. (NYSE: EAT)

  • Absolute NNN Ground Lease with Zero Landlord Responsibilities

  • Long Term Operational History at this Location with Nearly 30 Years of Occupancy

  • 5% Rent Increase in Initial Term

  • Four Renewal Options with 10% Rental Increases at Each Option

Outstanding Location in Chicagoland MSA, IL

  • Outparcel to 137,000 SF Community Shopping Center

    • Center is Anchored by ALDI, Hobby Lobby, Harbor Freight, Office Max, KOHLS

    • 1.8 Million Annual Visits (Placer.ai)

  • Located along Primary Retail Corridor with National Retailers Including; Target, Walmart, Home Depot, ALDI, Hobby Lobby, KOHL’S, Harbor Freight, Menards, Starbucks, Chick Fil A, Chipotle, Mattress Firm, Etc.

  • At Entry Point to the New Winding Creek Residential Development

    • 165+ Newly Constructed Single-Family Homes

  • Affluent Suburb of Chicagoland MSA; Average Household Income Exceeds $150,000 within 3 Miles

  • High Traffic Counts along Randall Rd; 34,700+ Cars Per Day

  • Less than 45 Min Drive to Downtown Chicago

Listing Contacts

EV
01913407
Anchor Point Capital
Anchor Point Capital
JS
CA 02229082
Anchor Point Capital
Listed by Anchor Point Capital

Valuation Calculator

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,825.00
$8,318.75/mo

Valuation Metrics

0
DSCR
5.55%
Cap Rate
5.55%
ROI

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