1586 W Lane Rd - Fast Food FOR SALE


Machesney Park, IL 61115- Outer Loves Park/Machesney Park
$2,618,000 USD
480-221-4221
1586 W Lane Rd, Machesney Park, IL for Sale
$2,618,000 USD
Fast Food - FOR SALE
1/7
null | 5.5% Cap Rate

1586 W Lane Rd
Machesney Park, IL 61115
Outer Loves Park/Machesney Park


HIGHLIGHTS

  • Brand New 15 Year Lease | Options To Extend | Scheduled Increases Strong Operator | Well Known Fast-Food Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Gateway District | Dense Retail Corridor | National/Credit Tenant Presence
  • Located Along W. Lane Rd | Signalized, Hard Corner Intersection | Drive-Thru Equipped | Excellent Visibility & Access
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple (land & building ownership) interest in an absolute NNN leased, drive-thru equipped, Church’s Chicken investment property located in Machesney Park, Illinois. The tenant recently signed a 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,618,000 USD

PRICE/SF

$873 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Church's Chicken | New 15 Yr Abs NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,713 SF

ZONING

CG

APN/PARCEL ID

08-20-228-010

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.