1850 Army Trail Rd - Fast Food FOR SALE


Hanover Park, IL 60133
$1,950,000 USD
480-221-4221
1850 Army Trail Rd, Hanover Park, IL for Sale
$1,950,000 USD
Fast Food - FOR SALE
1/8
null | 8% Cap Rate

1850 Army Trail Rd
Hanover Park, IL 60133


HIGHLIGHTS

  • 3 Years Remaining | 4% Rental Increase | 2020 Renovation
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Dense Retail & Industrial Corridor | Near Top Performing Tenants
  • Demographics in 5-Mile Trade Area | Affluent Chicago Suburb

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding Neehee’s Restaurant investment property located in Hanover Park, Illinois (Chicago MSA). The tenant, RYS Foods, LLC, has 3 years left of firm term with a 4% rental increase in October 2025, growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$683 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Neehee's | NNN, Recent Option Exercised

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

B-2:

APN/PARCEL ID

01-24-202-075

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.