9870 Milwaukee Ave, Des Plaines, IL 60016

2,500 SF | Retail Building | Des Plaines, IL 60016 | $2,403,073 ($961/SF) | 5.50% Cap Rate

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $2,403,073

Property Type
Retail, Restaurant
Square Feet
2,500 SF
Price / Square Foot
$961

Listing Contacts

Haidyn DeJean
Haidyn DeJean
Verified Profile
Simon Assaf
Simon Assaf
Verified Profile
  • Property Info

Property Overview

Listing Broker Name
Matthew M. Fitzgerald
Matthews Real Estate Investment Services, Inc
478027547 (IL)
1600 West End, Ste. 1500 Nashville, TN 37203

Property Details

Class
C
Year Built
2009
Stories
1
Property Subtype
Freestanding
Lot Size (sq. ft)
52,272 SF

Highlights

  • The current lease is Absolute NNN, which means the tenant is responsible for taxes, insurance, CAM, and maintenance making this investment passive
  • There are approximately ±10 years remaining on the base term followed by Four, 5 Year Options to extend, showcasing tenants long term commitment
  • The lease is subject to 10% rental increases every 5 years, providing a hedge against inflation
  • Taco Bell is a top performing brand ranking as the 4th most popular restaurant chain nationwide, with sales exceeding $15 billion in 2023
  • Ampler currently ranks as the 22nd largest restaurant franchise in the country, generating over $400 million in annual revenue
  • The lease is guaranteed by AG Bells II, LLC, providing a strong 55-unit guarantee from a large regional operator

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