SLYCE Coal Fired Pizza Portfolio | Two IL Units

254 Green Bay Road, Highwood, IL

$3,690,900

Price

6%

Cap Rate

$221,454

NOI

Overview
Cap Rate
6%
NOI
$221,454
Building Size
8,240 sqft
Occupancy
100%
Units
2
Description

Absolute NNN Lease -
The two-unit master lease is a passive investment with zero landlord responsibilities. Investors will appreciate the low rent with annual rent bumps and over 8 years of term remaining.

Great Locations, Visibility, Signage & Traffic Counts -
Both properties have excellent underlying real estate within the Chicago MSA. Located along busy corridors where they are easily accessible and receive high daily traffic counts.

Densely Populated, Affluent Customer Base -
Both locations have populations over 400K within a 10-mile radius, with an average household income of over $125,000.

Strategically Located -
The Wauconda location is located along main street in this Chicago suburb. The Highwood location is close to Lake Michigan in a bustling area surrounded by other local restaurants and retailers.

Long-Term, Stable Tenant -
This popular, artisanal pizza chain has been in business for over 10 years. SLYCE Coal Fired Pizza Company has great reviews with three locations and a fourth on the way. Both locations feature outdoor patio seating and a relaxed, elevated pizzeria vibe.

Sales Reporting -
Tenant reports sales.


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


Need description

Documents

Location