Chili's - NNN Net Lease Property for Sale

About This Chili's Net Lease Property

This Chili's NNN (triple net lease) property is located in Calumet City, IL and represents an excellent investment opportunity for commercial real estate investors. The property features14751 square feet of building space and was built in 1983.

With a cap rate of 6.5%, this Chili's net lease property offers stable income potential. The asking price is $5,248,000, making it an attractive option for 1031 exchange investors seeking quality Chili's commercial properties.

Why Invest in Chili's NNN Properties?

• Stable Income: Chili's net lease properties provide predictable cash flow with minimal landlord responsibilities.
• Strong Tenant: Chili's is a nationally recognized brand with proven operational success.
• 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
• Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.

Calumet City, IL Market Overview

Located in Calumet City, IL, this Chili's property benefits from strong local demographics and market fundamentals. The Calumet City area offers excellent visibility and accessibility, making it an ideal location for Chili's operations and a solid investment for net lease property buyers.