14025 S Bell Rd - Restaurant FOR SALE


Homer Glen, IL 60491
$3,193,000 USD
480-221-4221
14025 S Bell Rd, Homer Glen, IL for Sale
$3,193,000 USD
Restaurant - FOR SALE
1/8
null | 8% Cap Rate

14025 S Bell Rd
Homer Glen, IL 60491


HIGHLIGHTS

  • 5 Years Remaining | Newly-Renovated | Options to Extend |Scheduled Rental Increases | Well-Known and Established Tenant
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Outparcel to Home Depot Anchored Power Center | Dense Retail Corridor | Strong National/Credit Tenant Presence
  • Signalized, Hard-Corner Intersection | Excellent Visibility | Significant Street Frontage | Monument Sign
  • Six-Figure Incomes | Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an absolute NNN, newly renovated, freestanding Chili’s investment property located in Homer Glen, Illinois (Chicago MSA). The tenant has approximately 4 years remaining on their initial term with 2 (5-year) options to extend. The lease features annual 1.5% rental increases, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Brinker Restaurant Corporation is a subsidiary of Brinker International Inc., one of the leading casual dining restaurant companies in the world and publicly-traded (NYSE: EAT).

FOR SALE DETAILS

PRICE

$3,193,000 USD

PRICE/SF

$575 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chili's | 4yrs Abs NNN | Home Depot Outparcel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

104

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

C-3

APN/PARCEL ID

05-01-301-026

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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