87 Yorktown Shopping Ctr - Restaurant FOR SALE


Lombard, IL 60148
$7,520,000 USD
817-889-1829
87 Yorktown Shopping Ctr, Lombard, IL for Sale
$7,520,000 USD
Restaurant - FOR SALE
1/19
null | 6.25% Cap Rate

87 Yorktown Shopping Ctr
Lombard, IL 60148


HIGHLIGHTS

  • Corporate Guarantee: Darden Restaurants, Inc. (NYSE: DRI)
  • Strong Sales with Healthy Rent-to-Sales Ratio
  • Established Tenant with Long-Term Commitment
  • Strong Sales with Healthy Rent-to-Sales Ratio
  • Affluent Trade Area - $123,818 Average HH Income 2024
  • Outparcel to Yorktown Shopping Center (1.5M SF)

OVERVIEW

Colonial Commercial Real Estate, LLC is pleased to present on an exclusive basis, the opportunity to acquire a 9,144 square-foot freestanding Capital Grille restaurant on 1.85 acres in Lombard, Illinois—an affluent suburb approximately 20-miles west of downtown Chicago. Capital Grille has operated at this location for over 20 years, underscoring the strength of the site. The tenant renewed their lease early in 2020 extending for another 13 years. In 2018 Capital Grille added a 544-sqaure-foot patio at their sole cost and expense. The lease provides 8 years of base term remaining with two additional five-year options at scheduled rent increases. The current term expires September 30, 2033. This offering represents the opportunity to acquire an absolute NNN lease with Darden Restaurants, Inc. (NYSE: DRI), providing investors with long-term security in a premier location. Assumable Financing: Loan Balance: $3,750,000 | 4.40% Interest Rate | 25 Year Amortization | 3 years remaining on term (7.4% ROI) The property benefits from its irreplaceable location at the signalized intersection of Butterfield Road and Highland venue (combined ±69,100 VPD), directly adjacent to Yorktown Center Mall. As an outparcel to the 1.5 million square foot Yorktown Center, the restaurant enjoys consistent traffic from over 9 million annual visitors and draws from one of Chicago’s most dominant suburban retail and office corridors.

FOR SALE DETAILS

PRICE

$7,520,000 USD

PRICE/SF

$822 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Capital Grille

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

69

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

B3

APN/PARCEL ID

06-29-301-015

ASK ABOUT THIS PROPERTY

Benjamin BerkowitzColonial Commercial Real Estate, LLCMore Info
817-889-1829

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

Benjamin BerkowitzColonial Commercial Real Estate, LLCMore Info
817-889-1829

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