704 N Janes Ave - Restaurant FOR SALE


Bolingbrook, IL 60440
$2,058,000 USD
312-625-3120
704 N Janes Ave, Bolingbrook, IL for Sale
$2,058,000 USD
Restaurant - FOR SALE
1/3
null | 7.5% Cap Rate

704 N Janes Ave
Bolingbrook, IL 60440


HIGHLIGHTS

  • 10-year lease featuring above market 2.5% annual rental increases throughout the base term and options
  • Meijer outparcel on large 1.76 acre lot
  • Across the street from The Promenade Bolingbrook - a 500,000+ SF regional shopping mall subject to 3.5M annual visitors
  • The shopping center is going through a major upgrade with numerous tenants backfilling the Macy’s and other buildings
  • Experienced restaurateur with 9 different restaurant concepts within the county (5 Hook & Reel, 2 K-Pot, 1 Cajun Crab Shack, and 1 sushi restaurant)
  • Affluent Chicago submarket – $132,000 average household incomes within a 5-mile radius of the subject property

OVERVIEW

A brand-new 10-year lease featuring above market 2.5% annual rental increases throughout the base term and option periods. Subject property is across the street from The Promenade Bolingbrook – a 500,000+ SF regional mall – and benefits from the exposure to the 3.5M annual visitors.

FOR SALE DETAILS

PRICE

$2,058,000 USD

PRICE/SF

$312 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pier 9 Seafood & Bar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

-

APN/PARCEL ID

12-02-01-401-016

ASK ABOUT THIS PROPERTY

Ben UdellCPP CRE ILLINOIS, LLCMore Info
312-625-3120

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Ben UdellCPP CRE ILLINOIS, LLCMore Info
312-625-3120

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