7140 Mannheim Rd - Restaurant FOR SALE


$5,375,825 USD
847-562-8500
7140 Mannheim Rd, Rosemont, IL for Sale
$5,375,825 USD
Restaurant - FOR SALE
1/3
null | 8.12% Cap Rate


HIGHLIGHTS

  • Affluent Community - $132,400 average household income within three miles
  • Proven Track Record - Established operating history since 2007
  • Corporate Location – the former franchisee was acquired by Brinker International in 2019
  • Absolute NNN – No landlord responsibilities
  • Over 307,000 people live within a five-mile radius
  • Shopping Center Outparcel – Rosemont Market Place (Target-anchored)

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Chili’s Grill & Bar property in Rosemont, Illinois, within the Chicago MSA. Chili’s has been successfully operating this location since 2007. The current lease runs through October 2027 and features four 5-year renewal options. There are 1.5% annual rental escalations throughout the primary term and renewal options. The former franchisee was acquired by Brinker International in 2019 making this a corporate location. Additionally, the lease is absolute triple net presenting no landlord responsibilities. The 5,673-square-foot building is positioned at the signalized hard corner of Mannheim Road and Touhy Avenue, which see over 18,300 and 48,600 vehicles per day, respectively. The property sits on an outparcel of Rosemont Market Place, which is anchored by Target. The property is in close proximity to O’Hare International Airport and Allstate Arena which generates a consistent ?ow of traffic through the corridor. The surrounding area is home to a number of office and industrial users, including Abbott, Hertz, DHL, Deluxe Corporation, and Iron Mountain Data Centers. Nearby retailers include Chipotle, Fifth Third Bank, Ross, Raising Cane’s, Starbucks, and Outback Steakhouse. The property offers immediate access to Interstates 90 and 294, which together accommodate more than 350,000 vehicles daily. There are over 307,000 people residing within a five-mile radius. Additionally, this is an affluent community that produces an average household income of $132,400 within three miles. Chili’s Grill & Bar, a flagship brand of Brinker International, has been a staple in the casual dining scene since its inception in Dallas, Texas, in 1975. Renowned for its bold Southwestern flavors and signature dishes like sizzling fajitas, baby back ribs, and the Triple Dipper®, Chili’s offers a vibrant atmosphere that appeals to families, friends, and food enthusiasts alike. With over 1,500 locations across the United States and internationally, the restaurant continues to evolve, embracing digital innovations and menu enhancements to meet the changing tastes of its diverse customer base.

FOR SALE DETAILS

PRICE

$5,375,825 USD

PRICE/SF

$956 USD /SF

CAP RATE

8.12%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chili's Grill & Bar (Target Outparcel)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

D

APN/PARCEL ID

09-32-201-041-0000

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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