Lit Café - Net Lease Property for Sale
Chicago, IL
Key Investment Metrics
Price
$804,705
Cap Rate
8.5%
Net Operating Income
$68,400
Building Size
1800 SF
Lot Size
1,800 SF
Land Area
0.31 Acres
Remaining Term
5 years
Lease Expiration
07/31/2031
Lease Term
5 years
Lease Commencement
07/31/2026
Lease Type
NNN
Tenant Credit
No Credit Rating
Year Built
1999
Occupancy
100%
Tenancy
Single
Rent Increases
3% annual rent escalations
About This Lit Café Net Lease Property
This Lit Café NNN (triple net lease) property is located in Chicago, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 1800 square feet of building space and was built in 1999.
With a cap rate of 8.5%, this Lit Café net lease property offers stable income potential. The asking price is $804,705, making it an attractive option for 1031 exchange investors seeking quality Lit Café commercial properties.
Why Invest in Lit Café NNN Properties?
- Stable Income: Lit Café net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Lit Café 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.
Chicago, IL Market Overview
Located in Chicago, IL, this Lit Café property benefits from strong local demographics and market fundamentals. The Chicago area offers excellent visibility and accessibility, making it an ideal location for Lit Café operations and a solid investment for net lease property buyers.