2781 Mannheim Rd - Fast Food FOR SALE


Des Plaines, IL 60018- Des Plaines/Arlington Hts Corridor
$3,592,000 USD
781-776-4006
2781 Mannheim Rd, Des Plaines, IL for Sale
$3,592,000 USD
Fast Food - FOR SALE
1/10
null | 5.15% Cap Rate


HIGHLIGHTS

  • New Construction Ground Lease
  • Attractive Rent Increases
  • Dynamic Tenant
  • Zero Management Responsibilities
  • Outstanding Location
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Raising Cane’s ground lease located at 2781 Mannheim Road in Des Plaines, Illinois (the “Property”). The new construction building consists of a 2,818 square foot building with a dedicated drive through lane on a 1.09-acre parcel. Raising Cane’s has 14 years remaining on their Absolute NNN Ground Lease with five (5), five-year renewal options. The Lease calls for attractive rent increases of 10% every five years throughout the base term and at the start of each renewal option period. The new construction Raising Cane’s is situated along Mannheim Road (US Route 45), the area’s primary commercial corridor. The Property features outstanding frontage and visibility and enjoys convenient access to Interstate 90 and 294 as well as IL Route 72. The Property is seconds from Chicago’s O’Hare International Airport and the Allstate Areana, and is surrounded by national retailers, large office and industrial properties, and numerous nationally branded hotels, all of which drive traffic to the immediate area. Des Plaines is a city located in Cook County Illinois and is a northwestern suburb of Chicago. The village is located roughly 17 miles northwest of Chicago’s Central Business District and approximately 1 mile from O’Hare International Airport.

FOR SALE DETAILS

PRICE

$3,592,000 USD

PRICE/SF

$718 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raising Cane's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

-

APN/PARCEL ID

09-33-108-022-0000

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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