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1575 S Lake Street - Townline Square - Panera Bread, Mundelein, IL

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1575 S Lake Street - Townline Square - Panera Bread

Mundelein, IL 60060-4210 - Central North Submarket

Property Type:Retail Sub Type:Restaurant Status:Existing , Renov May 2016 Year Built:1986
Building Size:4,087 SF Land Area:1.87 AC (81,557 SF)
For Sale Price:$2,860,900 Price/SF:$700.00
Cap Rate:5.00 %
Parking:Free Surface spaces are available
Features:Signalized Intersection

Sale Notes:
This is a new construction 15 year Panera Bread fee simple absolute NNN lease in Mundelein, IL. The 100% fee simple interest in the underlying land is being offered. Five five-year options with 10% increases in rent every five years through the primary term and at each option. The property will include a drive thru.

SVN The Kase Group
Jacob Abusharkh
(925) 231-1770

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