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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

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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

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

Pylon Sign

Restaurant

Signage

Accommodation and Food Services
99,999 SF
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Chili’s Grill & Bar began in Texas in 1975 as a casual dining restaurant concept and later became part of Brinker International, the company behind its broader restaurant platform. The brand centers on American and Tex-Mex-inspired menu offerings, including burgers, fajitas, ribs, appetizers, and margaritas, supported by dine-in, pickup, and delivery service. Chili’s operates as a core brand within Brinker International’s casual dining portfolio, which extends through owned, operated, and franchised restaurants across a broad international network. The company’s public materials also emphasize community involvement, accessibility, and a guest experience built around approachable food and neighborhood-style hospitality.