4N250 State Route 47 - Restaurant FOR SALE


Maple Park, IL 60151
$1,300,000 USD
630-567-7804
4N250 State Route 47, Maple Park, IL for Sale
$1,300,000 USD
Restaurant - FOR SALE
1/36
null | 7.5% Cap Rate

4N250 State Route 47
Maple Park, IL 60151


HIGHLIGHTS

  • Traffic Count: Approx. 9,050 vehicles/day on IL-47
  • Polished concrete floors, painted drywall/wood paneling, quality lighting
  • ~40,000 SF brick paver/gravel surface, ample customer/event parking
  • Excellent location, just west of expanding St. Charles and Geneva area
  • Event equipment and trailers, Furniture, fixtures, and décor

OVERVIEW

Investment opportunity in Maple Park, IL offering a 7.5% cap rate through a 5-year sale-leaseback with Emerald Acres. The property consists of 5,496 SF across two buildings on approximately 3.28 acres. Offered at $1,300,000 with annual gross rent of $120,744 and NOI of approximately $97,500. Tenant is responsible for snow removal and lawn care, with the owner responsible for real estate taxes and insurance. Tenant has contractual purchase options of $1,500,000 after Year 3, $1,550,000 after Year 4, and $1,600,000 after Year 5. Excellent opportunity for an investor seeking stable cash flow, a defined lease term, and a potential 1031 exchange replacement property.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$237 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Garden Center, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

3.2 AC

LAND SF

139,392 SF

ZONING

F2 Commercial

APN/PARCEL ID

08-19-400-004

ASK ABOUT THIS PROPERTY

Scott MorkenMorken & AssociatesMore Info
630-567-7804

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Scott MorkenMorken & AssociatesMore Info
630-567-7804

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