Log In/Sign Up
115 S State Route 83
Grayslake, IL 60030
TACO BELL · Retail Property For Sale
Investment Highlights
- ABSOLUTE NNN LEASE – the tenant is responsible for taxes, insurance, CAM, and maintenance making this investment completely passive
- ATTRACTIVE RENTAL INCREASES – The lease is subject to 10% rental increases every 5 years, providing a hedge against in?ation
- TTRACTIVE RENT TO SALES – Location is operating at an attractive rent to sales ratio (Contact agent to discuss)
- ±5.5 YEARS REMAINING – Tenant recently exercised their 2nd 5 Yr option early | Two, 5 Year Options to extend showcasing tenants long term commitment
- UNDERGOING REMODEL – The property is currently undergoing a remodel, showcasing the tenant’s long term commitment to this site
- LONG TERM OPERATING HISTORY – This site has been in operation for over 25 years
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,790 SF
Building Class
B
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.64 AC
Zoning
B-1, Grayslake - neighborhood business zone that allows for limited retail and service businesses
Parking
34 Spaces (12.19 Spaces per 1,000 SF Leased)
Frontage
169’ on S IL Route 83
Amenities
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
Property Taxes
| Parcel Number | 06-35-200-089 | Improvements Assessment | $16,198 |
| Land Assessment | $127,517 | Total Assessment | $143,715 |
Property Taxes
Parcel Number
06-35-200-089
Land Assessment
$127,517
Improvements Assessment
$16,198
Total Assessment
$143,715
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
