For Sale
$3,000,000

9901 Orlando StMachesney Park, IL 61115

High-return Freddy's, 20-year lease. Strong tenant, great location.

Overview

Added:
Dec 11, 2024
Days on market:
117

Highlights

  • $3,000,000 asking price for a 3,112 SF Freddy's restaurant.
  • Absolute NNN net lease with a 20-year term commencing April 1, 2022, and 17.4 years remaining.
  • 6.00% cap rate with a $180,000 NOI.
  • 10% rent bumps every five years, plus two, five-year lease options.
  • Located in Machesney Park, IL, on a 0.69-acre lot, built in 2022, with a drive-thru.
  • Strong tenant: Freddy's, a franchisee with a multi-unit operator guaranteeing the lease.

Property Details for 9901 Orlando St

Property type
Retail properties, Restaurants
Square Feet
3,112 SF
Year Built
2022
Lot Size (sq. ft)
30,056 SF

Location Insight

City
Machesney Park
County
Winnebago
State
Illinois
Latitude
42.3642709
Longitude
-89.0313081
9901 Orlando St, Machesney Park, Illinois
Leaflet | © OpenStreetMap contributors

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9901 Orlando St
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