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Popeyes | Abs NNN w/ Annual Increases 2180 Randall Rd 2,528 SF Retail Building Carpentersville, IL 60110 $2,030,000 ($803.01/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 2+ Years Remaining | Scheduled Annual Rental Increases | Franchisee Guaranteed | Well-Known & Established Brand
- Outparcel to Woodman’s Food Market | Strong Tenant Presence
- Direct Residential Consumer Base | Affluent Community |Strong Demographics in 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Located Along Randall Road | Centralized Location | Drive-Thru Equipped | Excellent Visibility
EXECUTIVE SUMMARY
SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru equipped, Popeyes investment property located in Carpentersville, IL (Chicago MSA). The tenant is HZ Props RE, Ltd., an entity of Dhanani Group, one of the largest Popeyes and Burger King franchisees in the country with hundreds of locations. Founded in 1972, Popeyes is among the most prominent QSR brands, with roughly 4,000 locations around the world. The lease has over two years of firm term remaining with an additional two (5-year) option periods to extend and features 1% annual rental increases throughout the initial term and options, steadily increasing NOI and hedging against inflation. With an absolute NNN structure and zero landlord responsibilities, this asset offers a truly passive, management-free investment opportunity.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,528 SF
Building Class
C
Year Built
2006
Price
$2,030,000
Price Per SF
$803.01
Cap Rate
7%
NOI
$142,117
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.99 AC
Zoning
C-2-A - Randall Road Commercial
Parking
30 Spaces (11.87 Spaces per 1,000 SF Leased)
Frontage
131’ on Randall Rd
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Popeyes
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Popeyes | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03-18-277-006 | Improvements Assessment | $113,287 |
| Land Assessment | $267,893 | Total Assessment | $381,180 |
PROPERTY TAXES
Parcel Number
03-18-277-006
Land Assessment
$267,893
Improvements Assessment
$113,287
Total Assessment
$381,180
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Popeyes | Abs NNN w/ Annual Increases | 2180 Randall Rd
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