Chili’s Machesney Park, IL

1510 West Lane Road
Machesney Park, IL

Price: $5228000
Cap Rate: 6.15%
NOI: $321,515
Building Size: Approx. 5693 Sq. Ft.
Lot Size: Approx. 1.27 Acres
Type: Single-Tenant / Retail
Sub Category: Casual Dining
Year Built: 2003

Investment Overview

  • 5,693+/- SF Building on 1.27+/- Acre Site
  • 20-YR ABS NNN Lease w/ 10+ YR’s remaining & 1.5% Annual Bumps
  • Located along West Lane Rd (18K VPD), just West of Hwy 251 (25K VPD)
  • Outparcel to Target anchored Shopping Center, near Home Depot & Lowes
  • 3-Mile Radius:  Est 1,284 Busi w/ 13,286 Empl | Avg. HH Income:  $70,212
  • Manchesney Park is a suburb of Rockford – Located 86-Miles NW of Chicago
  • Chicagoland (MSA) | 3rd Largest MSA in the U.S | Population: 9,461,105

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