Turn-Key Restaurant with
For Sale
Contact for pricing
20 W Golf Rd, Des Plaines, IL
2,800 SF turn-key restaurant with drive-thru and ample parking.
Property Size2,800 SF
Lot Size0.52 Acres
Price / SF$330.36
Days on Market1029
Property Features for 20 W Golf Rd
General Information
Standard status
Active
Size
2,800 SF
Lot size
0.52 Acres
Property subtype
RETAIL
Listing Agency:
CRE Advising
(312) 448-6401
Listed By:
Joe Gloria
(847) 638-0828
Source:
Moodyscre
Added: Nov 10, 2023
Changed: Sep 2
Last Checked: Sep 4 at 11:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CRE Advising
Investment Insights
Based on property information with market context.
This property, constructed in 2007, is a 2,800 square foot second-generation, turn-key, fast casual restaurant. It features an existing drive-thru and a fully equipped kitchen. The sale includes furniture, fixtures, and equipment (FF&E). The property has approximately 159 feet of frontage along Golf Road, a highly trafficked thoroughfare. On-site parking is available for approximately 40 cars. Zoned C-3, this property is suitable for an investment buyer or an owner-user and is ideal for a grill, diner, or fast food/fast casual restaurant.
Key Highlights
- Turn‑key, 2nd generation fast casual restaurant with existing drive‑thru.
- Fully equipped kitchen and FF&E included in sale.
- 159' frontage on highly trafficked Golf Rd.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,872
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$937,440
$937.4K
Cap Rate 7%
$669,600
$669.6K
Cap Rate 9%
$520,800
$520.8K
Market Conditions
NOI Build-Up for 2,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$67.2K $24.00/SF
− Vacancy
−$4.7K −$1.68/SF
EGI
$62.5K $22.32/SF
− OpEx
−$15.6K −$5.58/SF
NOI
$46.9K $16.74/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$937,440
Cap Rate 7%
$669,600
Cap Rate 9%
$520,800
Alternative Uses
Best Use
Specialty Retail
$669.6K
$585.9K – $781.2K
NOI $46,872 @ 7.0% cap · market cap 5.07%
Second Best
Retail
$555.2K
$485.8K – $647.7K
NOI $38,864 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$966.7K
$845.9K – $1.13M
NOI $67,670 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
35k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Mariano's
Groceries
35,415 visits/mo
0.1 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - 2,800 SF turn-key restaurant with drive-thru and ample parking.
Where is this drive through restaurant located?
The property is located at 20 W Golf Rd Des Plaines, IL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Turn‑key, 2nd generation fast casual restaurant with existing drive‑thru.; Fully equipped kitchen and FF&E included in sale.; 159' frontage on highly trafficked Golf Rd.
