Restaurant
Andy's Frozen Custard
11275 W Lincoln Hwy, Mokena, IL 60448
Listing Price: $1,750,000
Investment Overview
Marcus & Millichap is pleased to exclusively market for sale a brand new 2024 construction single-tenant Andy’s Frozen Custard. The Property, in which the tenant has a brand new 20-year ground lease, is positioned within the Chicago MSA. The lease features a 10 percent increase every five years in the original term followed by 10 percent increases in each of the three, five year renewal options to offset inflation.
Andy's Frozen Custard
Investment Highlights
- Low Rent Basis Opportunity — Annual Ground Rent of $105k per Year
- New 2024 Construction Building with 20-Year Ground Lease | No Landlord Responsibilities
- High Credit Operator — Corporate Andy's Lease, Not a Franchisee
- Organic Rent Growth With 10 Percent Rent Increases Every Five Years
- Affluent Chicago Suburb — $151k Average Household Income Within a Five Mile Radius
- Grocery Anchor and National Shadow Tenants: The Adjoining Shopping Center Features Meijer, Binny's Beverage Depot, PetSmart, Chase Bank, Dollar Tree and More
Exclusively Listed By
Listing Price: $1,750,000
Investment Highlights
- Low Rent Basis Opportunity — Annual Ground Rent of $105k per Year
- New 2024 Construction Building with 20-Year Ground Lease | No Landlord Responsibilities
- High Credit Operator — Corporate Andy's Lease, Not a Franchisee
- Organic Rent Growth With 10 Percent Rent Increases Every Five Years
- Affluent Chicago Suburb — $151k Average Household Income Within a Five Mile Radius
- Grocery Anchor and National Shadow Tenants: The Adjoining Shopping Center Features Meijer, Binny's Beverage Depot, PetSmart, Chase Bank, Dollar Tree and More
Investment Overview
Marcus & Millichap is pleased to exclusively market for sale a brand new 2024 construction single-tenant Andy’s Frozen Custard. The Property, in which the tenant has a brand new 20-year ground lease, is positioned within the Chicago MSA. The lease features a 10 percent increase every five years in the original term followed by 10 percent increases in each of the three, five year renewal options to offset inflation.
Exclusively Listed By
