Buffalo Wild Wings | Calumet City, IL

1250 Torrence Avenue, Calumet City, IL

$2,008,308

Price

6.5%

Cap Rate

$130,540

NOI

Overview
Cap Rate
6.5%
NOI
$130,540
Building Size
7,016 sqft
Lot Area
1.22 acres
Occupancy
100%
Units
1
Year Built
1983
Description

Absolute NNN Lease -
The absolute NNN lease is a passive investment with zero landlord responsibilities. Investors will appreciate the below-market rent with rent bumps and over 9 years of term remaining.

Great Location, Visibility, Signage & Traffic Counts -
This Buffalo Wild Wings is located just over a mile off Interstate 94 in a dense retail area just across from River Oaks Center Shopping Mall. Located near the busy intersection of Grand Army of the Republic Highway and Torrance Avenue with high daily traffic counts.

Strategically Located within the Chicago MSA -
This property has excellent underlying real estate within the Chicago MSA. Located in close proximity to numerous colleges and universities including Chicago State University, Calumet College of St. Joseph, Purdue University Northwest - Hammond Campus, Indiana Tech, and others.

Strong Demographics -
The area is densely populated with over 850,000+ people within a 10-mile radius of the subject property, with an average household income of over $72,000.

Long-Term, Stable Tenant -
Buffalo Wild Wing is the largest sports bar chain in the country and has occupied this location since 2010.

Sales Reporting -
Tenant reports sales.


Broker of Record: Bang Realty-Illinois, Inc | Brian Brockman IL #471020548

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