2180 Randall Rd - Fast Food FOR SALE


Carpentersville, IL 60110- Elgin/Dundee
$2,186,000 USD
480-221-4221
2180 Randall Rd, Carpentersville, IL for Sale
$2,186,000 USD
Fast Food - FOR SALE
1/10
null | 6.5% Cap Rate

2180 Randall Rd
Carpentersville, IL 60110
Elgin/Dundee


HIGHLIGHTS

  • 2+ Years Remaining | Scheduled Annual Rental Increases | Franchisee Guaranteed | Well-Known & Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Outparcel to Woodman’s Food Market | Strong Tenant Presence
  • Located Along Randall Road | Centralized Location | Drive-Thru Equipped | Excellent Visibility
  • Direct Residential Consumer Base | Affluent Community |Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru equipped, Popeyes investment property located in Carpentersville, IL (Chicago MSA). The tenant is HZ Props RE, Ltd., an entity of Dhanani Group, one of the largest Popeyes and Burger King franchisees in the country with hundreds of locations. Founded in 1972, Popeyes is among the most prominent QSR brands, with roughly 4,000 locations around the world. The lease has over two years of firm term remaining with an additional two (5-year) option periods to extend and features 1% annual rental increases throughout the initial term and options, steadily increasing NOI and hedging against inflation. With an absolute NNN structure and zero landlord responsibilities, this asset offers a truly passive, management-free investment opportunity.

FOR SALE DETAILS

PRICE

$2,186,000 USD

PRICE/SF

$865 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeyes | Abs NNN w/ Annual Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

C-2-A

APN/PARCEL ID

03-18-277-006

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.