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Sweet Basil Cafe

7600 Barrington Road, Hanover Park, IL 60133

$1,618,563

Cap Rate 8.00%

Views: 123 DOM: 164 Updated: 11.02.24 Posted: 06.12.24 Status: Active

Summary

Price $1,618,563
Built/Renov 1990
Tenant Sweet Basil Cafe
Cap Rate 8.00%
Lease Type Double NN
Guarantor Corporate
Size/SF 5,150
Lease Start 11-09-2024
#Units 8
Price/SF $314.28
Expiration 11-30-2035
Tenant Type Casual Dining
NOI $129,485
R. Term 11.0
Ownership Fee Simple
Rent/SF $25.14
Increases 9.0%/3/yrs
Pop 5Mi 258,890
Lot/AC 0.76
Options 2/5yrs/10%
AHHI 5Mi $118,320

Randy Blankstein
The Boulder Group (HQ)
Contact

Jimmy Goodman
The Boulder Group (HQ)
Contact

Lease Highlights

  • Brand new 11-year lease with 2 (5-year) options to extend
  • The lease features rental increases throughout primary term & option periods
  • Roof warranty through 2042
  • Corporate guaranteed lease

Location Description

Sweet Basil Cafe is strategically located at the signalized, hard corner intersection of Barrington Road and Tower Drive, with access to a combined daily traffic count of 31,800 vehicles. The property is situated on an outparcel in Westview Center Shopping Mall, enhancing its visibility and accessibility. Furthermore, it is in the center of a dense retail corridor with well-known national...

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Key Features

  • Signalized intersection

  • Roof guarantee

  • Dense retail corridor

  • Near major nationals

  • Shopping Ctr out-parcel

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 10+ yr lease

  • Corporate Guarantee

    • ...

Links

Sweet Basil Cafe Wikipedia Hanover Park, Illinois Zip Code 60133 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Sweet Basil Cafe
  • Guarantor:Corporate
  • Company:Basil Group, LLC
  • # Units:8
  • Stock:Private

About Tenant

Basil Group, LLC (dba Sweet Basil Cafe) is a family-owned and operated Greek/American cafe restaurant chain. Their restaurants feature a diverse range of breakfast, lunch, dinner, and catering...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 17,848 117,866 246,810
2024 Total Population : 18,403 121,931 253,650
2024 Employed Civilian Pop : 9,745 68,154 141,942
2024 Total Businesses : 466 2,611 7,084
2024 Average Household Income : $ 110,151 $ 115,853 $ 125,754
2024 Total Consumer Spending : $ 565 M $ 4417 M $ 10213 M
2024 Median Age : 38 39 41
2024 Total Households : 5,869 43,784 93,730
2024 Pop Age 25+: Bachelor's Degree : 2,305 20,223 50,178
2024 Average Home Value : $ 271,537 $ 302,971 $ 338,120
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Irving Park Rd Briar Ln 2013 27,700 0.21 mi
IL 19 Irving Park Rd 2022 31,800 0.25 mi
Irving Park Rd Jensen Blvd 2009 29,400 0.27 mi
Irving Park Rd Cumberland Dr 2013 34,600 0.40 mi
Barrington Rd 2021 31,400 0.42 mi
Yorkshire Dr 2022 3,250 0.43 mi
Buttitta Drive S Barrington Rd 2022 7,850 0.53 mi
Poplar Ave 2022 26,700 0.55 mi
Woodland Heights Boulevard Phoenix Lake Ave 2018 3,400 0.57 mi
East Irving Park Road Irving PkRd 2018 600 0.58 mi

Listing Broker

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