Freestanding Absolute NNN
For Sale
Contact for pricing
Pending
1412 Main St, Crete, IL 60417
Newly constructed restaurant property leased under an absolute NNN structure with no landlord responsibilities.
Property SizeContact for details
Days on Market144
Property Features for 1412 Main St
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Patrick R. Luther, CCIM · License #CA License No. 01912215
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 31 at 6:16PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This freestanding restaurant property in Crete, Illinois, offers fee simple ownership of the land and building together with an absolute NNN lease. The newly constructed improvement is occupied by a Pizza Hut location, and the lease places landlord responsibilities at zero.
The lease has a 15-year initial term, three 5-year extension options, and 10% rent increases every 5 years during the initial term and at the start of each option period. The property is located at 1412 Main St in Crete, Illinois, with the restaurant use and lease structure already established.
The lease has a 15-year initial term, three 5-year extension options, and 10% rent increases every 5 years during the initial term and at the start of each option period. The property is located at 1412 Main St in Crete, Illinois, with the restaurant use and lease structure already established.
Key Highlights
- Absolute NNN lease with zero landlord responsibilities
- Newly constructed, freestanding restaurant property
- 15‑year initial lease term
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 31%
Aurelio's Pizza
Dining
3,828 visits/mo
0.1 miles
Pizza Hut
Dining
3,560 visits/mo
0.1 miles
BMO Harris Bank
Shops & Services
2,662 visits/mo
0.1 miles
Crete Service Center
Shops & Services
626 visits/mo
0.2 miles
Demographics for 60417, IL
15,342
Population
6,356
Households
2.4
Avg Household Size
48
Median Age
31%
College-Educated
94%
High-School Grad
37.1 sq mi
ZIP Area
414
Density / Sq Mi
$93,346
Median Household Income
$46,211
Median Earnings
$1,362
Median Rent
$225,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Newly constructed restaurant property leased under an absolute NNN structure with no landlord responsibilities.
Where is this nnn property located?
The property is located at 1412 Main St Crete, IL.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities; Newly constructed, freestanding restaurant property; 15‑year initial lease term
