5147 Ct. Pontoon Pagano CtMadison, IL 62060

Property Details for 5147 Ct. Pontoon Pagano Ct

Year built

2023

Property size (Sq ft)

5,150 SF

Property type

Other commercial real estate

Description

This exceptional investment opportunity presents a fully operational Rosati's Pizza restaurant located at 5147 Pagano Court in Madison, Illinois. The property boasts a substantial 5,150 square feet and benefits from its strategic location at the highly trafficked intersection of I-270 and Route 111. The property is secured by a 20-year triple net (NNN) lease with a reputable tenant, Rosati's Pizza, a nationally recognized franchise with over 200 locations. This long-term lease provides consistent and predictable cash flow, further enhanced by a 2% annual rent escalation clause, ensuring growth over the lease term. The property's financial performance is impressive, projecting over 2.1 million dollars in gross sales this year, and offering a compelling 7.75% capitalization rate. Adding to its appeal, this Madison, IL location is situated within an enterprise zone, providing significant tax incentives and access to growth opportunities within a thriving industrial corridor, further bolstered by the proximity of Amazon distribution centers. The area's rapid development is evident in the 5% increase in vehicle traffic since 2021, underscoring the property's prime location and strong potential for continued growth and high returns. This is a rare opportunity to acquire a low-risk, high-yield investment in a rapidly expanding market. The property is offered at $6,000,000.

Location Insight

City

Madison

County

Madison

State

Illinois

Latitude

38.6808

Longitude

-90.154

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