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1301 E Chain Of Rocks Rd
Pontoon Beach, IL 62040
Burger King · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Service Station
Building Size
3,100 SF
Building Class
B
Year Built
2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.59 AC
Zoning
Commercial
Parking
20 Spaces (6.45 Spaces per 1,000 SF Leased)
Frontage
160’ on E Chain Of Rocks Rd

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

About 1301 E CHAIN OF ROCKS RD , PONTOON BEACH, IL 62040

LONG TERM STABILIZED INVESTMENT - Long-Term Lease – There are ± 19 years remaining on the original 20-year lease with four (4), 5-year options for the tenant to extend - Strong Hedge Against Inflation – There are 7.50% increases in rent every 5 years, allowing properties to keep up with rising market rents - Fee Simple Ownership – Sale includes land and improvements, allowing owners to depreciate the improvements over a 39-year depreciation schedule - Absolute NNN Lease – Landlord has zero landlord responsibilities, the tenant takes care of insurance, real estate taxes, and maintenance - Latest Prototype – Brand new 2019 construction EXCELLENT LOCATION IN STRONG RETAIL AREA - Stop-and-Go Location – Retail in the area primarily services truckers – Denny’s, Motel 6, Flying J Travel Center, Taco Bell, McDonald’s, Mobil and Fairfield Inn are all located nearby the site and I-270 supports over 54,000 cars per day in average daily traffic - Industrial Warehouse Hub – Amazon, Unilever, Proctor & Gamble, Save-A-Lot, Lowe’s, DB Schenker, and Hershey, all have major facilities in the area with Burger King out positioning its competitors SEASONED OPERATOR OF AN EXCELLENT BRAND - Broadway Restaurant Group operates 55+ locations in the greater St. Louis and surrounding areas - High Growth Operator – Franchisee currently has 5+ units in the development that are slated for opening in 2019 - Operator with Strong Fundamentals – Broadway Restaurant Group is a sophisticated operator – It is well capitalized for smart revenue and unit growth - Iconic Brand – Established in 1954, Burger King has grown to over 15,000 units worldwide

Property Taxes

Property Taxes

Parcel Number
18-1-14-26-00-000-009
Land Assessment
$57,520
Improvements Assessment
$366,050
Total Assessment
$423,570
  • Listing ID: 17542247

  • Date on Market: 10/24/2019

  • Last Updated:

  • Address: 1301 E Chain Of Rocks Rd, Pontoon Beach, IL 62040

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