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Chili's 6030 Grand Ave 5,635 SF Retail Building Gurnee, IL 60031 $3,050,000 ($541.26/SF) 6.03% Cap Rate
Investment Highlights
- NNN Lease
- Corporate guarantee
- Approximately 8 years of term remaining
Executive Summary
KW Commercial is pleased to present the exclusive opportunity to purchase a single-tenant, absolute NNN, Chilis, located in Gurnee, IL. The property was built in 1993 and renovated in 2021. The investment features a corporate guaranteed lease with approximately 12 years of term remaining. The property is strategically located at the main entrance to Gurnee Mills, the largest outlet and value retail shopping destination in Illinois that draws more than 20 million visitors each year and draws from the 120,000+ population with average household incomes exceeding $130,000 within a 5-mile radius. For more information please contact Omar Tharani. 630-412-1642 (call/text) or TharaniTeam@gmail.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,635 SF
Building Class
B
Year Built/Renovated
1993/2021
Price
$3,050,000
Price Per SF
$541.26
Cap Rate
6.03%
NOI
$184,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.54 AC
Zoning
C-6 - Regional Commercial District
Parking
110 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
448’ on Grand Ave
Amenities
- Pylon Sign
- Restaurant
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Chili's Grill & Bar began in Texas in 1975 as a casual dining restaurant concept and became part of Brinker International, the parent company behind the brand. The company serves burgers, fajitas, ribs, Tex-Mex dishes, and margaritas, and offers dine-in, pickup, delivery, and rewards options through a broad restaurant network in the United States and international markets. Chili's continues to operate as a flagship restaurant brand within Brinker International and remains centered on casual dining service.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-16-103-037 | Improvements Assessment | $165,065 |
| Land Assessment | $373,182 | Total Assessment | $538,247 |
Property Taxes
Parcel Number
07-16-103-037
Land Assessment
$373,182
Improvements Assessment
$165,065
Total Assessment
$538,247
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Chili's | 6030 Grand Ave
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