310 E State Rd - Restaurant FOR SALE


Island Lake, IL 60042
$750,000 USD
630-590-5910
310 E State Rd, Island Lake, IL for Sale
$750,000 USD
Restaurant - FOR SALE
1/4
null | 9.2% Cap Rate

310 E State Rd
Island Lake, IL 60042


HIGHLIGHTS

  • Island Lake Cafe in Operation for Over 30 Years
  • 19,600 Daily Vehicles on E State Rd (Rt 176)
  • NNN Lease w/ Minimal Landlord Responsibilities
  • At Signalized Intersection
  • High Income Area

OVERVIEW

Brookline Real Estate, LLC. presents the opportunity to acquire a STNL investment positioned in a strong, transit-oriented location in the Chicago suburb of Island Lake. Island Lake Cafe at 310 E State Road contains 4,943 square-feet and is situated on approximately 0.63 acres. Directly on Route 176 between US Route 12 and the Fox River, the property benefits greatly from its position at a signalized intersection along the main business corridor which features national retailers and outdoor-related businesses. The building has been well-maintained and offers its visitors 29 total parking spots in an accessible lot with three points of ingress/egress. Island Lake Cafe has been in operation for 30 years and currently has four years left on their lease. This asset is being offered at a 9.20% CAP rate with tremendous cash flow and continued growth.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

9.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STNL Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

-

APN/PARCEL ID

09-21-320-024

ASK ABOUT THIS PROPERTY

Corbin SchwartzBrookline Real EstateMore Info
630-590-5910

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Corbin SchwartzBrookline Real EstateMore Info
630-590-5910

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