51 McHenry Rd - Restaurant FOR SALE


Buffalo Grove, IL 60089
$8,929,000 USD
847-345-2827
51 McHenry Rd, Buffalo Grove, IL for Sale
$8,929,000 USD
Restaurant - FOR SALE
1/4
null | 7% Cap Rate

51 McHenry Rd
Buffalo Grove, IL 60089


HIGHLIGHTS

  • 20-year sale-leaseback opportunity featuring 10% rental increases every 5 years
  • Corporate guaranty from tenant’s parent company – Lazy Dog Restaurants, LLC
  • Pad to ~300,000 SF Jewel-Osco-anchored mall – The Grove
  • Signalized hard corner location at heavily trafficked intersection – 51,000+ VPD
  • Zero landlord maintenance or expense obligations
  • FY 2024 revenues totaled $400M and 2025 revenues are on pace to surpass 2024 (ask Agent for more details)

OVERVIEW

A 20-year ground lease Lazy Dog lease featuring 10% rental increases every 5 years and four, 5-year extension options. The subject property is a hard corner outparcel to a ~300,000 SF shopping center anchored by a Jewel-Osco that ranks in the top 7% of grocery stores nationwide in terms of annual visits (per Placer.ai).

FOR SALE DETAILS

PRICE

$8,929,000 USD

PRICE/SF

$1,108 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Lazy Dog

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

B-2

APN/PARCEL ID

15-33-301-175

ASK ABOUT THIS PROPERTY

Ben UdellCPP CRE ILLINOIS, LLCMore Info
847-345-2827

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Ben UdellCPP CRE ILLINOIS, LLCMore Info
847-345-2827

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