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1520 E Walnut Street - Steak n Shake, Watseka, IL

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1520 E Walnut Street - Steak n Shake

Watseka, IL 60970-1807

Property Type:Retail Sub Type:Restaurant Status:Existing Year Built:-
Building Size:4,000 SF Land Area:-
For Sale Price:$1,235,000 Price/SF:$308.75
Cap Rate:6.50 %

Sale Notes:
Absolute NNN Lease - ZERO LL Responsibilities regarding taxes, insurance, maintenance, roof and structure

Nationally Recognized Restaurant Brand with over 500 Locations across 29 states

Experienced Multi-Unit Franchise Operator with +45 Restaurants located throughout the Midwest

Lease Guaranteed by Full Franchise Holding Company

12+ Years Remaining on Initial Lease Term with Two 5-Year extension options

Lease provides attractive rental increases of 10% every 5-Years including the options

Net 3 Real Estate
Ryan Schulze
(630) 946-7455

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