Buffalo Wild Wings | Lansing, IL

3720 Ridge Road, Lansing, IL

$1,698,831

Price

6.5%

Cap Rate

$110,424

NOI

Overview
Cap Rate
6.5%
NOI
$110,424
Building Size
8,386 sqft
Lot Area
0.92 acres
Occupancy
100%
Year Built
1973
Parking Spots
80
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.

Full Remodel Planned -
Tenant has plans to fully remodel this property.

Optimal Location, Visibility, Signage & Traffic Counts -
The subject property is located off a major throughway where it is easily accessible and receives high visibility (25K+ VPD).

Strategically Located within the Chicago MSA -
This property has excellent underlying real estate within the Chicago MSA. Lansing is a suburb of Chicago, located approximately 27 miles south of downtown Chicago along the Illinois / Indiana border.

Strong Demographics -
There are over 236,000 residents within a 5-mile radius of the subject property, with an average household income of over $75,000.

Long-Term, Stable Tenant -
Buffalo Wild Wing is the largest sports bar chain in the country and has occupied this location since 2009.

Sales Reporting -
Tenant reports sales.


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

need description

Documents

Location