Chick-fil-A for Sale in Broadview, IL
Broadview, IL
Key Investment Metrics
Price
$3,333,000
Cap Rate
4.7%
Net Operating Income
$155,000
Building Size
4997 SF
Land Area
1.25 Acres
Remaining Term
13.5 years
Lease Expiration
11/30/2039
Lease Term
15 years
Lease Commencement
11/30/2024
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2014
Occupancy
100%
Tenancy
Single
Rent Increases
Yes
Property overview
Chick-fil-A in Broadview
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 4,997 SF
- Land area
- 1.25 acres
- Year built
- 2014
- Lease type
- Absolute NNN
- Lease expiration
- 11/30/2039
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.