19175 S La Grange Rd - Fast Food FOR SALE


Mokena, IL 60448
$2,556,070 USD
314-324-8792
19175 S La Grange Rd, Mokena, IL for Sale
$2,556,070 USD
Fast Food - FOR SALE
1/5
null | 5.75% Cap Rate

19175 S La Grange Rd
Mokena, IL 60448


OVERVIEW

Passive Investment Opportunity: Long term, absolute NNN lease with annual rent increases presents no landlord maintenance responsibilities and passive cash flow. Long Term Tenancy: Wendy’s has operated at the site for more than 20 years and recently committed to a 10 year lease extension through 2035, demonstrating their commitment to the site and customer base. Proximity to Major Intersections: The property fronts LaGrange Rd, a prominent north/south corridor stretching throughout Chicago’s southwest suburbs, and is 0.5 miles away from full interchange access to I-80 (111,400 VPD). The property benefits from over 63,000 VPD at the intersection of LaGrange and 191st St, providing major exposure for the site. National Retail Synergy: The site benefits from proximity to The Home Depot and Marianos, with other national retailers including Firestone, Starbucks, Chick-fil-A, and AutoZone, among others. Chicago MSA Location (Will County): Mokena is an affluent suburb located in the Chicago MSA with an average household income of $142,000 within 3 miles of the site. Updated Wendy’s Prototype: The tenant invested in their current building prototype equipped with a drive-thru.

FOR SALE DETAILS

PRICE

$2,556,070 USD

PRICE/SF

$1,115 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

-

APN/PARCEL ID

19-09-10-110-003

ASK ABOUT THIS PROPERTY

Graham GoldStream Capital PartnersMore Info
314-324-8792

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Graham GoldStream Capital PartnersMore Info
314-324-8792

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