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Views: 95 Updated: 01.03.24 Posted: 10.18.23 Status: Inactive

Summary

Price $3,783,000
Built/Renov 2023
Tenant Guzman y Gomez
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,828
Lease Start 01-19-2023
#Units 200
Price/SF $1,337.69
Expiration 01-31-2038
Tenant Type Fast Casual/Rest.
NOI $227,000
R. Term 13.2
Ownership Fee Simple
Rent/SF $80.27
Increases 10.0%/5/yrs
Pop 5Mi 269,460
Lot/AC 0.75
Options 3/5yrs/10%
AHHI 5Mi $125,724

Lease Highlights

  • Brand-new 2023 construction
  • Guzman y Gomez has over 14 years remaining on the current lease term with 3 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Guzman y Gomez Holdings Ltd

Location Description

Guzman y Gomez is situated on East Golf Road, which has a daily traffic count of 72,300 vehicles. This location is part of a thriving retail corridor, approximately one mile from Woodfield Mall, one of the largest shopping malls in the United States with over 2.17 million square feet of retail space, featuring anchor stores such as JCPenney, Nordstrom, and Macy's. Additionally, in close...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Guzman y Gomez
  • Guarantor:Corporate
  • Company:Guzman y Gomez Holdings Ltd
  • # Units:200
  • Stock:Private

About Tenant

Guzman y Gomez (Holdings) Ltd (GYG) is an Australian multinational casual-dining and fast food restaurant chain. It specializes in Mexican cuisine with burritos, nachos, tacos, quesadillas and...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,491 92,589 265,728
2023 Total Population : 4,623 93,359 269,460
2023 Employed Civilian Pop : 2,706 54,094 153,070
2023 Total Businesses : 1,274 4,946 12,649
2023 Average Household Income : $ 118,304 $ 123,276 $ 125,724
2023 Total Consumer Spending : $ 185 M $ 3879 M $ 11415 M
2023 Median Age : 37 41 42
2023 Total Households : 1,857 36,930 107,072
2023 Pop Age 25+: Bachelor's Degree : 1,324 21,442 60,680
2023 Average Home Value : $ 395,990 $ 350,470 $ 359,568
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North Plum Grove Road E Woodfield Ofc Ct 2022 2,000 0.04 mi
Plum Grove Rd Remington Rd 2014 12,500 0.16 mi
Remington Rd 2022 2,000 0.24 mi
IL 58 2021 26,700 0.27 mi
Basswood Street Basswood St 2018 425 0.28 mi
Plum Grove Rd Remington Rd 2010 15,200 0.33 mi
Basswood Street E Higgins Rd 2022 325 0.38 mi
North Plum Grove Road E Woodfield Rd 2018 8,900 0.47 mi
Payne Rd 2022 2,650 0.49 mi
Golf Road National Pkwy 2018 7,450 0.50 mi

Listing Broker

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