Buffalo Wild Wings | Calumet City, IL 1250 Torrence Ave

1250 Torrence Ave , Calumet City, Illinois, 60409 | 7,016 sq.f | $ 2,008,308

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About This Restaurant

Investment Highlights

Executive Summary

Absolute NNN Lease -The absolute NNN lease is a passive investment with zero landlord responsibilities. Investors will appreciate the below-market rent with rent bumps and over 9 years of term remaining.Great Location, Visibility, Signage & Traffic Counts -This Buffalo Wild Wings is located just over a mile off Interstate 94 in a dense retail area just across from River Oaks Center Shopping Mall. Located near the busy intersection of Grand Army of the Republic Highway and Torrance Avenue with high daily traffic counts.Strategically Located within the Chicago MSA -This property has excellent underlying real estate within the Chicago MSA. Located in close proximity to numerous colleges and universities including Chicago State University, Calumet College of St. Joseph, Purdue University Northwest - Hammond Campus, Indiana Tech, and others.Strong Demographics -The area is densely populated with over 850,000+ people within a 10-mile radius of the subject property, with an average household income of over $72,000.Long-Term, Stable Tenant -Buffalo Wild Wing is the largest sports bar chain in the country and has occupied this location since 2010.Sales Reporting -Tenant reports sales.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Freestanding Restaurant
  • Building Size    7,016
  • Building Class    C
  • Year Built/Renovated    1980/2010
  • Price    2,008,308
  • Price Per SF    286
  • Cap Rate    6.50
  • NOI    130,540
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.13
  • Land Acres    1.22 AC

Amenities

  • Pylon Sign
  • Signage

Nearby Amenities & Transportation

Retail Buffalo Wild Wings
Retail Starbucks
Retail Bank of America
Retail US Bank ATM
Retail Denny's
Retail Panda Express
Retail Great Steak
Retail Chase Bank
Retail Citi
Retail ALDI

Property Taxes

Parcel Number 29-24-200-038-0000 Improvements Assessment $15,911
Land Assessment $66,205 Total Assessment $82,116
Date Created: 2024-07-16 04:13:39 Last Updated: 2024-07-16 04:13:39
Address: 1250 Torrence Ave , Calumet City, Illinois, 60409