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Abs. NNN Ground Lease Chili's Grill & Bar 491 N Randall Rd 5,547 SF Retail Building Batavia, IL 60510 $1,800,000 ($324.50/SF) 5.55% Cap Rate
Investment Highlights
- 8 Years Remaining on Corporate Lease to Chili’s Grill & Bar; Guaranteed by Brinker International, Inc. (NYSE: EAT); Chicago MSA, IL
- Long Term Operational History at this Location with Nearly 30 Years of Occupancy; Four Renewal Options with 10% Rental Increases at Each Option
- Affluent Suburb of Chicagoland MSA; Average Household Income Exceeds $150,000 within 3 Miles
- Absolute NNN Ground Lease with Zero Landlord Responsibilities; 5% Rent Increase in Initial Term
- Outparcel to 137,000 SF Community Shopping Center; Center is Anchored by ALDI, Hobby Lobby, Harbor Freight, Office Max, KOHLS
- High Traffic Counts along Randall Rd; 34,700+ Cars Per Day
Executive Summary
Excellent 1031 Exchange Opportunity
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,547 SF
Building Class
B
Year Built
1999
Price
$1,800,000
Price Per SF
$324.50
Cap Rate
5.55%
NOI
$99,825
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.26 AC
Zoning
B-3
Frontage
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-17-476-002 | Improvements Assessment | $3,722,934 |
| Land Assessment | $1,526,192 | Total Assessment | $5,249,126 |
Property Taxes
Parcel Number
12-17-476-002
Land Assessment
$1,526,192
Improvements Assessment
$3,722,934
Total Assessment
$5,249,126
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Abs. NNN Ground Lease Chili's Grill & Bar | 491 N Randall Rd
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