loader
Join Free
Views: 64 Updated: 05.16.23 Posted: 05.16.23 Status: Inactive 07.20.23

Summary

Price $2,898,000
Built/Renov 2007
Tenant Chuck E. Cheese (GL)
Cap Rate 7.40%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 12,448
Lease Start 01-29-2007
#Units 569
Price/SF $232.81
Expiration 01-31-2032
Tenant Type Casual Dining
NOI $214,500
R. Term 7.2
Ownership Ground Lease
Rent/SF $17.23
Increases 10.0%/4/yrs
Pop 5Mi 185,778
Lot/AC 1.08
Options 1/5yrs/10%
AHHI 5Mi $111,094

Lease Highlights

  • Chuck E. Cheese has a 16+ year operating history at this location
  • The tenant has 8+ years remaining on its current term with 1 (5-year) option to extend
  • The ground lease features a 10% rental increase every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed by CEC Entertainment, LLC.

Location Description

The subject property comprises a 12,448 SF building on a 1.08-acre parcel located on Chicagoland Circle, which is easily accessible from Interstate 55 (Barack Obama Presidential Expressway) and Plainfield Road (Lincoln Highway) with a combined traffic count of over 118,000 VPD. The subject property is strategically positioned within a half mile from Louis Joliet Mall which has over 90 stores...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chuck E. Cheese (GL)
  • Guarantor:Corporate
  • Company:CEC Entertainment, LLC
  • # Units:569
  • Stock:Private

About Tenant

Founded in 1977, CEC Entertainment Inc., is a nationally recognized leader in family entertainment and dining that operates under the names Chuck E. Cheese’s and Peter Piper Pizza. The venues...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,983 67,471 188,947
2023 Total Population : 7,163 68,155 189,454
2023 Employed Civilian Pop : 3,829 36,132 97,685
2023 Total Businesses : 262 1,877 4,676
2023 Average Household Income : $ 109,541 $ 109,587 $ 111,379
2023 Total Consumer Spending : $ 228 M $ 2267 M $ 6306 M
2023 Median Age : 35 37 37
2023 Total Households : 2,432 24,176 66,115
2023 Pop Age 25+: Bachelor's Degree : 957 10,102 26,796
2023 Average Home Value : $ 266,370 $ 278,098 $ 284,148
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Essington Rd Galena Dr 2012 5,300 0.08 mi
I- 55 S Lincoln Hwy 2018 83,300 0.13 mi
US 30 S Lincoln Hwy 2021 33,100 0.25 mi
Renwick Rd 2019 44,200 0.26 mi
2018 11,700 0.26 mi
Joliet Road 2019 33,350 0.26 mi
Joliet Road S Lincoln Hwy 2018 36,450 0.26 mi
N Essington Rd Essington Rd 2008 5,600 0.33 mi
2018 7,600 0.34 mi
I- 55 S Lincoln Hwy 2009 74,000 0.35 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity