About This Restaurant
Investment Highlights
High traffic site Great co-tenancy with Starbucks, Chase, Chipotle and more Fully stabilized - strong tenants - long term leases
Executive Summary
High traffic location on Mannheim just north of Grand Ave. in Franklin Park. Strong in-place income in this fully stabilized asset. Three tenants, AT&T Wireless, Jersey Mike's Subs and new Tenant (Opening Summer 2023) Taco Pros. All with long term leases(7-10 years remaining). Newer property built in 2016. Mechanicals, roof and structure in excellent condition. Strategically located between Chase bank and Starbucks with Chipotle, CVS, Sonic, Pizza Hut and T-Mobile in the development. Many other national tenants at this busy intersection.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Storefront Retail/Office Fast Food
- Building Size 4,200
- Year Built 2016
- Price 2,195,000
- Price Per SF 523
- Cap Rate 6.49
- NOI 142,500
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.22
- Land Acres 0.43 AC
Nearby Amenities & Transportation
Retail | Rent-A-Center | ||
Retail | Starbucks | ||
Retail | Chase | ||
Retail | Huntington National Bank | ||
Retail | PNC Bank | ||
Retail | Denny's | ||
Retail | StorageMart | ||
Retail | Bank of America | ||
Retail | U.S. Bank | ||
Retail | La Chiquita |
Property Taxes
Parcel Number | 12-29-203-060-0000 12-29-203-036-0000 | Improvements Assessment | $194,300 |
Land Assessment | $317,626 | Total Assessment | $511,926 |
Date Created: | 2024-07-16 04:13:39 | Last Updated: | 2024-07-16 04:13:39 |
Address: | 2830 Mannheim Rd , Franklin Park, Illinois, 60131 |