Listed by Citadel Property Advisors
Unpriced
LaGrange Road Restaurant on Corner site
Details
APN 1909044000150000
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 6,000
Net Rentable (SqFt) 6,000
Units 1
NOI $206,736
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 12/01/2029
Remaining Term 3.5
Class A
Year Built 1999
Stories 1
Acreage 1.500
Zoning C-1A
Parking Spaces 79 spaces
Parking Per SqFt 13.17
Investment Type Value Add
Tenant Credit No Credit Rating
Ground Lease No
Turnkey Restaurant with In-Place Income and Video Poker
Marketing description
- Freestanding, 6,000 SF restaurant building with massive outdoor patio and existing drive-thru operation
- High-profile 1.5 acre corner site with approximately 70,000 vehicles per day at the intersection
- Situated just south of a full-interchange with Interstate 80 which carries 117,116 vehicles per day
- Restaurant is net-leaed through December 1, 2029 with over $200,000 in net income and 2% annual increases
- Existing video poker in-place which generates $120,000 in annual profit
- Low Will County taxes ($5.65 psf)
- All FF&E available and negotiable
Investment highlights
Restaurant is net-leased through December 2029 with over $200,000 in annual net income!
Listing Contacts
Listed by Citadel Property Advisors
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$206,736.00
$17,228.00/mo
Valuation Metrics
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