Buffalo Wild Wings | Lansing, IL
3720 Ridge Road, Lansing, IL
$1,698,831
Price
6.5%
Cap Rate
$110,424
NOI
Overview
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
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