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Off Market
1/4

1580 Torrence Ave
Calumet City, IL 60409


HIGHLIGHTS

  • 6.5% cap rate Corporate lease with Brinker International
  • Single-Tenant Net Leased / NNN
  • No landlord responsibilities
  • 1.5% annual increases throughout balance of 20 year term and each year throughout 4x 5-year options

OVERVIEW

Chili's Corporate lease (Brinker International) in Chicago area community of Calumet City. 1.5% annual increases with a staring cap rate of 6.5% make this an investment that will keep up with inflation. Surrounded by national and regional brand tenants, including adjacent Home Depot, Dollar General, Aldi's supermarket, nearby Denny's, Sam's Club, Culver's, Wendy's, IHOP, Red Roof Inn, Burlington, Dollar Tree and many more within the retail corridor. Large 1.38± acre (±60,214 SF) parcel with good visibility and lots of parking.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Chili's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

6031

STORIES

1

YEAR BUILT

1985

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

29-24-401-029-0000