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33316074
33316075

3000 BROADVIEW SQ, BROADVIEW, IL 60155

MM
IL IL 475.189943
JLL Chicago | Americas Headquarters
Listed by JLL Chicago | Americas Headquarters
$3,333,000
1 day on market
Updated 1 day ago

Chick-fil-A - Broadview, IL

Details
APN 15-22-411-022-0000
Property Type Retail
Square Footage 4,997
Net Rentable (SqFt) 4,997
Units 1
Cap Rate 4.65%
NOI $155,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chick-fil-A
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/30/2039
Remaining Term 13.5
Rent Bumps Yes
Lease Options 8 x 5-years
Year Built 2014
Acreage 1.250
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease Yes

Abs NNN Chick-fil-A | Target Anchored Shopping Center | 4.65% Cap Rate

Marketing description

Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to present for sale the recently-delivered Chick-fil-A property located within Broadview Village Square shopping center in Broadview, IL (the “Property” or “Asset”). The Property is occupied by Chick-fil-A (the “Tenant’), which is subject to a 15-year absolute NNN ground lease that commenced in November 2024. The lease features 10% rent increases every 5-years throughout the primary term & option periods.

The Asset is favorably situated within Broadview Village Square, a retail center anchored by Target, Home Depot, Ashley Furniture, and LA Fitness. The Asset's prime location sits between a future Sprouts grocery store and Chipotle, further enhancing its quality and drive traffic. The surrounding center attracts 5.6 million consumers annually and ranks in the 96th percentile of most frequented shopping centers in the nation. The center is positioned at the corner of Cermak Ave and S 17th with exposure to more than 45,000 VPD. The surrounding corridor’s mix of single-family homes and commercial space allows the center to attract the local residential and working populations. Edward Hines Jr. VA Hospital and Loyola University Medical Center are situated directly adjacent to the Asset and employ a combined 2,000+ medical professionals. In 2022 Amazon opened its new “last-mile” distribution facility two blocks west of the Property, adding more than 300 new jobs to the area. Broadview is a suburb roughly 12 miles west of downtown Chicago located. Nearly 150,000 people reside within 3-miles of the Property and average household incomes within that radius are $118,000.

This offering presents a passive income opportunity to acquire growing, long-term cash flow with zero landlord obligations backed by America’s #1 voted restaurant in a premier market with exceptional real estate fundamentals.

Investment highlights

  • Abs NNN Ground Lease w/ 13.6 years of remaining term
  • One of Illinois' most visited shopping centers (5.6 million annual visits)
  • 147,000 residents within a 3-mile radius
  • Exposure to 45,000 VPD
  • Directly between a new Sprouts and Chicotle locations slated to open in the next 12 months

Listing Contacts

MM
IL IL 475.189943
JLL Chicago | Americas Headquarters
Listed by JLL Chicago | Americas Headquarters

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$155,000.00
$12,916.67/mo

Valuation Metrics

0
DSCR
4.65%
Cap Rate
4.65%
ROI

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Additional Information

Name
Mohsin Mirza
License
IL 475.189943
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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