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DOM: 103 Updated: 02.28.25 Posted: 06.21.24 Status: Sold 10.02.24

Summary

Price $28,500,000 $28,307,000
Built/Renov 2018/2024
Tenant Dave & Buster's
Cap Rate 7.45% 7.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 38,596
Lease Start 08-01-2024
#Units 200
Price/SF $738.42 $733.42
Expiration 07-31-2044
Tenant Type General Retail
NOI $2,123,000
R. Term 19.3
Ownership Fee Simple
Rent/SF $55.01
Increases 2.0%/1/yrs
Pop 5Mi 366,006
Lot/AC 1.67
Options 4/5yrs/2%
AHHI 5Mi $109,471

Lease Highlights

  • Recently remodeled in February 2024
  • 20-year sale leaseback with 4 (5-year) options to extend to be executed at close of escrow
  • The lease features 2% rental increases annually
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dave & Buster’s is strategically located at the hard corner intersection of Berwyn Avenue and Balmoral Avenue, with access to a combined daily traffic count of 15,100 vehicles. The property is visible from and situated directly adjacent to I-294, which sees 193,700 VPD. Additionally, it is across the freeway from the Fashion Outlets of Chicago, the Midwest’s only two-level indoor shopping...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dave & Buster's
  • Guarantor:Corp T and Rated
  • Company:Dave & Buster’s Entertainment
  • # Units:200
  • Tenant S&P: B
  • Moody’s: B1
  • Stock: NASDAQ: PLAY

About Tenant

Dave & Buster’s Entertainment, Inc. is an American restaurant and entertainment business that offers a unique blend of dining, gaming, and sports viewing experiences. The first location opened in...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 3,121 83,266 347,615
2024 Total Population : 3,250 86,068 358,595
2024 Employed Civilian Pop : 1,830 47,316 192,126
2024 Total Businesses : 554 4,339 14,680
2024 Average Household Income : $ 104,064 $ 125,780 $ 118,304
2024 Total Consumer Spending : $ 123 M $ 3675 M $ 14210 M
2024 Median Age : 41 42 42
2024 Total Households : 1,348 33,763 138,469
2024 Pop Age 25+: Bachelor's Degree : 407 15,947 61,478
2024 Average Home Value : $ 402,366 $ 406,902 $ 379,414
*ESRI data is presented for informational purposes only

Listing Broker

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