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Views: 137 DOM: 327 Updated: 11.02.24 Posted: 01.29.24 Status: Active

Summary

Price $4,294,118
Built/Renov 2003
Tenant Uncle Julio's
Cap Rate 8.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 10,682
Lease Start 03-24-2003
#Units 33
Price/SF $402.00
Expiration 08-31-2032
Tenant Type Casual Dining
NOI $365,000
R. Term 7.8
Ownership Fee Simple
Rent/SF $34.17
Increases 10.0%/3/yrs
Pop 5Mi 264,817
Lot/AC 2.52
Options 2/5yrs/15%
AHHI 5Mi $152,957

Lease Highlights

  • Uncle Julio's has 7+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and 15% at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Uncle Julio’s is strategically located on Butterfield Road, with access to 43,500 vehicles passing by daily. Butterfield Road serves as a dense retail thoroughfare, situated at the intersection of Interstate 88 (161,100 VPD) and Interstate 355 (120,500 VPD). The property is also strategically situated between Yorktown Center and Oakbrook Center, two regional shopping destinations that...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Uncle Julio's
  • Guarantor:Corporate
  • Company:L. Catterton
  • # Units:33
  • Stock:Private

About Tenant

Uncle Julio’s is a chain of Mexican restaurants known for its upscale casual dining atmosphere, and offers a menu inspired by traditional Mexican cuisine with a modern twist. The restaurant is...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,985 87,424 264,664
2023 Total Population : 8,074 87,755 264,817
2023 Employed Civilian Pop : 4,107 45,903 140,868
2023 Total Businesses : 1,171 6,564 14,503
2023 Average Household Income : $ 115,776 $ 130,455 $ 152,957
2023 Total Consumer Spending : $ 383 M $ 3947 M $ 13334 M
2023 Median Age : 46 44 43
2023 Total Households : 3,884 35,804 103,383
2023 Pop Age 25+: Bachelor's Degree : 2,556 21,996 65,183
2023 Average Home Value : $ 383,785 $ 424,365 $ 487,888
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Butterfield Road Butterfield Rd 2019 43,500 0.13 mi
S Meyers Rd Fountain Square Dr 2012 18,800 0.19 mi
22nd St School St 2012 14,600 0.19 mi
S Meyers Rd Butterfield Rd 2012 15,900 0.24 mi
2010 900 0.27 mi
Meyers Rd S Meyers Rd 2010 21,100 0.29 mi
Meyers Road 2016 18,400 0.32 mi
Butterfield Rd Transam Plz Dr 2013 46,800 0.52 mi
I- 88 Meyers Rd 2013 161,100 0.54 mi
S Meyers Rd E 16th St 2012 2,000 0.59 mi

Listing Broker

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