12980 Il-47 Huntley, IL 60142
- Retail properties
- 510 SF
- 1.46 lot acres
Current Use by Public Records
- Retail properties
Property Details for 12980 Il-47
- Year built
- 2024
- Lot size
- 1.46 lot acres
- Property size
- 510 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a fee simple interest in a brand-new 510-square-foot 7 Brew drive-thru coffee shop situated on a 1.46-acre lot in Huntley, Illinois. Built in 2024, the property boasts 7 Brew's latest drive-thru prototype design and benefits from a 15-year absolute NNN ground lease commencing December 15, 2024, and expiring December 31, 2039. The lease includes preferred 10% rental increases every five years, offering inflation protection. The property currently generates a Net Operating Income (NOI) of $86,500, representing a 6.00% cap rate on the asking price of $1,442,000. This represents a low land cost of only $22 per square foot, considering the existing building and lease. The location is highly desirable, adjacent to a new Chipotle, new apartment complexes, and an Amazon fulfillment center, within a fast-growing community with affluent demographics and a burgeoning population. The property enjoys excellent access and visibility in a stable retail corridor at 12980 IL-47, Huntley, IL 60142. Detailed lease information is available upon request. This is a rare opportunity to acquire a high-performing, low-maintenance investment with significant long-term potential. The property is currently 100% occupied.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Huntley
- County
- Kane
- State
- Illinois
- Longitude
- -88.4319
- Latitude
- 42.1415
