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Views: 68 DOM: 152 Updated: 08.07.24 Posted: 04.20.24 Status: Contract

Summary

Price $1,290,000
Built/Renov 1994
Tenant Bakers Square (GL)
Cap Rate 6.98%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 7,300
Lease Start 05-01-2004
#Units 18
Price/SF $176.71
Expiration 04-30-2025
Tenant Type Casual Dining
NOI $90,000
R. Term 0.7
Ownership Ground Lease
Rent/SF $12.33
Increases 11.0%/1/yrs
Pop 5Mi 247,568
Lot/AC 1.76
Options 1/10yrs/11%
AHHI 5Mi $137,290

Lease Highlights

  • Bakers Square has been operating in this location since 2004
  • The tenant has 1 year remaining on the current ground lease term with 1 (10-year) option to extend
  • The lease features 11% rental escalation at the start of the remaining option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Bakers Square is strategically located on 75th Street, with access to 22,000 vehicles passing by daily. The property's strategic positioning is enhanced by its adjacency to Interstate 355 (130,700 VPD) which merges with Interstates 88 and 290 north of the property. Surrounding community establishments include Winsor Lakes Apartments, Dynasty Pointe Apartments, and Downers Grove South High...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Bakers Square is a casual dining restaurant chain in the United States . Known for its pies , Bakers Square also offers full breakfast , lunch , and dinner menus. Founded in 1969 in Des...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 15,051 92,962 242,981
2023 Total Population : 15,397 94,251 245,850
2023 Employed Civilian Pop : 8,812 52,462 135,287
2023 Total Businesses : 344 2,410 7,954
2023 Average Household Income : $ 113,226 $ 130,347 $ 136,946
2023 Total Consumer Spending : $ 584 M $ 4220 M $ 11306 M
2023 Median Age : 38 43 42
2023 Total Households : 6,032 38,148 97,373
2023 Pop Age 25+: Bachelor's Degree : 3,230 22,125 57,976
2023 Average Home Value : $ 331,107 $ 386,104 $ 404,081
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
75th St Providence Dr 2014 42,600 0.06 mi
75th St Woodward Ave 2014 40,400 0.14 mi
75th St I- 355 2014 45,100 0.17 mi
2014 10,400 0.18 mi
2014 6,300 0.18 mi
75th Street I- 355 2016 32,700 0.22 mi
75th St Devereux Rd 2005 39,400 0.22 mi
75th St I- 355 2014 45,100 0.22 mi
Woodward Ave Parking Lot Rd 2014 23,200 0.23 mi
2014 9,000 0.24 mi

Listing Broker

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