1001 W Roosevelt Rd - Storefront FOR SALE


Maywood, IL 60153
$880,000 USD
708-927-8000
1001 W Roosevelt Rd, Maywood, IL for Sale
$880,000 USD
Storefront - FOR SALE
1/3
null | 8.52% Cap Rate

1001 W Roosevelt Rd
Maywood, IL 60153


HIGHLIGHTS

  • Net Leased Investment
  • Vitually No Landlord Responsibility
  • 10% Rent Bump every 5 years
  • Strong Operator has 11 locations

OVERVIEW

Net leased investment property for sale. The Tenant S2 Express grill operates 11 successful restaurants in the Chicagoland area. Leases are triple net with virtually no landlord responsibilty. Ten (10) year lease that started on April 1, 2024. There is a 10% bump on 4/1/2029. Tenant has (1)10 year renewal option that also has a 10% on 4/1/2034 and again on 4/1/2039. S2 Grill was founded in 2019 by Andre and Suheir Williams as an extension of their popular nightlife venue - S2 Ultra Bar in Calumet Park, IL. During the course of relocating, they received so much positive feedback from customers via social media about their food that the next logical step was to open a restaurant instead, where people could continue to enjoy their cuisine and so S2 Express Grill was born.

FOR SALE DETAILS

PRICE

$880,000 USD

PRICE/SF

$238 USD /SF

CAP RATE

8.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

S2 Express Net Leased Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

C-1

APN/PARCEL ID

15-15-430-033-0000

ASK ABOUT THIS PROPERTY

Neil HaleemNetwork Commercial Real Estate, llc.More Info
708-927-8000

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Neil HaleemNetwork Commercial Real Estate, llc.More Info
708-927-8000

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