Published on: Friday, October 18, 2024
Updated on: Friday, October 18, 2024
 Share  Tweet
About the Lister
User Profile Image
Name: Nicholas Sarris
Company: Anchor Point Capital
Office Phone: 949-438-0052
Cell Phone: 949-438-0052
 View Profile  Share Listing

Send Message    Make Soft Offer
Provide Your Service
Financing  Business  Material
  Burger King
2840 W North Ave Chicago Illinois , 60647
2840 W North Ave Chicago Illinois , 60647Anchor Point Capital
Listing ID: CL-Illinois-12476

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: $308,640
Commission Split (%): 0
Quick Glance
Listing ID: CL-Illinois-12476
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 2004
Building Size: 2,911.00 SqFt
Lot Size: 30,468.00 Acre
No of Stories: 1
No of Parking: 34
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: Yes
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Top Performing Burger King Opportunity. ⚓ Top 3% Burger King in the Nation, according to Placer.ai (Call Broker for Details)
Complete Details
Year Build: 2004
Building Size: 2,911 SqFt.
No of Stories: 1
Total Lot Area: 30468 Acre
No of Parking: 34
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: Yes
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
Top Performing Burger King Opportunity ? Top 3% Burger King in the Nation, according to Placer.ai (Call Broker for Details) ? 20 Years of Operational History; 8+ Years of Primary Term Remaining ? 7.26% Average Cap Rate through the Remainder of the Lease Term ? Absolute NNN Lease; Zero Landlord Responsibilities ? Operated by Tri-City Foods (Wholly owned Subsidiary of the Dhanani Group – One of the Largest Burger King Franchisees in the United States) ? Attractive 1% Annual Increases; One (1) Ten (10) Year Option Remaining ? C1-3 Zoning; Allowing Potential to Develop Vertically up to 75 feet
Additional Properties
Property Highlights
  • Outstanding Location in Chicago, IL
  • ⚓ Dense Infill Location; Over 1,200,000 People within 5 Miles
  • ⚓ Affluent Neighborhood in Chicago; Average Household Income Exceeds $120,000 within 1 Mile
  • ⚓ Located Along Hwy 64 (North Ave) with Visibility to over 21,000 Cars per Day
  • ⚓ Nearby National Retailers include Walgreens, Chipotle, McDonalds, Family Dollar, & AutoZone
  • ⚓ Less than 20 Minute Drive to Downtown Chicago
  • ⚓ Food & Alcohol is the #1 Consumer Spending Expenditure within 1 Mile
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$0
$0
$0
$308,640
$0
0%
Cash Flow for Current Listings
Listing Location
Lister's other Properties
Title: Hotshots & Sake Sushi
Address: 1319 Central Park Dr , O Fallon Illinois 62269
Listing ID: CL-Illinois-11423
Listing Type: Commercial
Category: Retail - Restaurant
Status: Active
Created On: 8/19/2024
Modified On: 8/19/2024
listing image
View All Listing