14025 Bell Rd, Homer Glen, IL 60491
5,557 SF | Retail Building | Homer Glen, IL 60491 | $3,193,000 ($575/SF) | 8% Cap Rate
For Sale
Active
Asking Price $3,193,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 5,557 SF
- Price / Square Foot
- $575
Listing Contacts
Patrick Luther
Matthew Mousavi
Property Overview
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an absolute NNN, newly renovated, freestanding Chili’s investment property located in Homer Glen, Illinois (Chicago MSA). The tenant has approximately 4 years remaining on their initial term with 2 (5-year) options to extend. The lease features annual 1.5% rental increases, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Brinker Restaurant Corporation is a subsidiary of Brinker International Inc., one of the leading casual dining restaurant companies in the world and publicly-traded (NYSE: EAT).
Property Details
- Class
- B
- Year Built/Renovated
- 2007/2020
- Stories
- 1
- Lot Size (sq. ft)
- 63,162 SF
Highlights
- 5 Years Remaining | Newly-Renovated | Options to Extend |Scheduled Rental Increases | Well-Known and Established Tenant
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Outparcel to Home Depot Anchored Power Center | Dense Retail Corridor | Strong National/Credit Tenant Presence
- Signalized, Hard-Corner Intersection | Excellent Visibility | Significant Street Frontage | Monument Sign
- Six-Figure Incomes | Strong Demographics in 5-Mile Trade Area
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].