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Note
Single Tenant Net Leased Restaurant
Listing was updated at: 11/05/2018
Property Overview
Price/Rent PSF $ 870,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 4,656
Date Available 11/05/2018
Additional URL Link
Parking 120
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Description

Location
The property is located on Lake St (Route 31) just south of Indian Trail Rd in a vibrant commercial district in Aurora, Illinois' second largest city. The property is adjacent to McDonalds, and close to Northgate Shopping Center, Cermak Produce, Carson Pirie Scott, TJ Maxx, Ross, Long John Silvers, Taco Bell, White Castle, Walgreens and many other regional and national retailers.

Sale
The subject property is a freestanding 4,656 SF restaurant building on 1.72 acres leased to Nikarry's Restaurant with a newly executed long term lease extension demonstrating the tenant's commitment to the location. Nikarry's is a staple of the community and has occupied the present location for more than seventeen years providing an investor with a stable return. 2016 Taxes: $13,050.64.

Property can be combined with adjacent 4.91 Acre wooded parcel currently zoned M1.

Location

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