100% Leased - AT&T, Jersey Mike's & Taco Pros 2830 Mannheim Rd

2830 Mannheim Rd , Franklin Park, Illinois, 60131 | 4,200 sq.f | $ 2,195,000

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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